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Bitcoin's Unprecedented Alignment with Nasdaq 100: A Two-Year High Correlation Amid CPI Anticipation

Bitcoin's Unprecedented Alignment with Nasdaq 100: A Two-Year High Correlation Amid CPI Anticipation
6 months ago

In a remarkable development for the cryptocurrency market, Bitcoin (BTC) has experienced an extraordinary surge in its correlation with the Nasdaq 100 index, reaching levels not seen in two years. As investors brace for impending U.S. consumer price index (CPI) data, the growing relationship between Bitcoin and traditional tech stocks highlights a significant shift in market dynamics.

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