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Bitcoin’s ebbing correlations with stocks and gold boosting its diversification benefits

Bitcoin’s ebbing correlations with stocks and gold boosting its diversification benefits

The 90-day correlation of the S&P 500 index and Bitcoin has dropped to about 0.21 from a recent peak above 0.50 in October. A comparable measure for the token and bullion is near the lowest in about a year.


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16 February 2021, 12:44