A report suggests that Bitcoin’s correlation with other risk assets could be relevant going forward into the next year.
Bitcoin Moved Tightly With US Stock Market During Last Week’s Volatility
According to the latest weekly report from Arcane Research, signals from the Federal Reserve could be something to pay attention to in 2023 as well. Two assets are said to be “correlated” when their prices move in tandem with each other. Bitcoin has been showing a correlation with the US stock market for a while now, and it seems like this trend hasn’t changed this week either.
The below chart shows how BTC, Nasdaq, S&P 500, Gold, and DXY have changed in value during the recent volatile events:
As the above graph displays, all the risk assets observed a rise in the buildup to and after the CPI release, which turned out to be more optimistic than expected, with Bitcoin seeing an especially sharp uptrend as it hit a peak of $18,400. However, as the FOMC meeting took place, tides star
We współpracy z: https://bitcoinist.com/bitcoins-correlation-other-risk-assets-2023-report/
