Bitcoin correlation to Nasdaq sinks to 3% low in June
Following a period of close correlation between Bitcoin and the Nasdaq, this week saw a strong decoupling.
Read crypto trading news, market structure shifts, technical setups, derivatives activity, and strategies used across volatile markets.
The Bitcoin fork network's coin more than doubled in price over the last week after it became available to institutional traders on a powerhouse-backed exchange.
Bitcoin surged to a year-to-date high of $31,000, buoyed by a wave of institutional interest and exemption from recent enforcement actions.
Bitcoin (BTC) was trading above $30,450 at press time.
Binance.US's legal woes have led to a liquidity crunch as traders and market makers flee the exchange.
BlackRock's Bitcoin ETF applications has renewed optimism surrounding Grayscale's GBTC shares.
Architect's clients will create trading strategies using AI prompts, Brett Harrison says.