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Fidelity Analyst Says Selloff Increased Bitcoin Correlation With Stocks
(3 hours ago) · 1 source · Summarized by CryptoBipto
Jurrien Timmer, a director at Fidelity Investments, has noted that a recent market selloff has pushed the correlation between Bitcoin and traditional stock markets higher. The observation suggests that during periods of market stress, Bitcoin has tended to move more in line with equities rather than acting as an independent asset.
WHY IT MATTERS
Correlation measures how closely two investments move together.
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SOURCES
- beincrypto.com
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