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Crypto Prices Jump in Q1 Despite Weakened Asset Class Perceptions

Altszn.com by Altszn.com
March 29, 2023
in Bitcoin
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Crypto Prices Jump in Q1 Despite Weakened Asset Class Perceptions
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Those two worlds, in other words, have decoupled. This quarter, the correlation between bitcoin (BTC) and the S&P 500 declined from 0.91 to 0.59, and got as low as 0.01 on March 22. (A correlation of 1 means the price of two things is moving in lockstep, while minus 1 means a perfectly inverse relationship. Zero means no link at all.) In other words, digital assets have behaved as the diversifying, uncorrelated asset that many investors crave.



Read More: www.coindesk.com

Tags: AssetBitcoinBTCClassCryptojumpPerceptionsPricesWeakened
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    • tetherTether (USDT) $ 1.00
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    • staked-etherLido Staked Ether (STETH) $ 2,602.55
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,644.00
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    • leo-tokenLEO Token (LEO) $ 8.91
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    • usdsUSDS (USDS) $ 0.999858
    • wethWETH (WETH) $ 2,601.92
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    • aptosAptos (APT) $ 4.96
    • nearNEAR Protocol (NEAR) $ 2.52
    • crypto-com-chainCronos (CRO) $ 0.102564
    • okbOKB (OKB) $ 50.22
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 188.44
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