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Bitcoin Rose 27% During Period When Chinese Tech Stocks Fell Nearly 40%
(4 hours ago) · 1 source · Summarized by CryptoBipto
A comparison of market performance shows that Bitcoin gained approximately 27% over the same period that Chinese technology stocks lost nearly 40% of their value, erasing around $480 billion. The contrast has drawn attention to the differing trajectories of the two asset classes during overlapping timeframes.
WHY IT MATTERS
When people talk about different investments moving in opposite directions, they are discussing what is called 'correlation.'
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SOURCES
- cryptoslate.com
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