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Bitcoin Tracks Nasdaq Losses, Not Its Rallies

Bitcoin remains tightly correlated with the Nasdaq-100, but only in ways that hurt. Despite trading near record highs, BTC continues to react far more aggressively to equity market declines than rallies, an unusual dynamic that signals investor fatigue rather than market euphoria. BTC Tracks Equities, But Only on the Downside Bitcoin's relationship with equities is [...]

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