Bitcoin And NASDAQ Composite Index Correlation Drops To A 2-Year Low

New data from Kaiko on July 11 indicates that the correlation between Bitcoin and the Nasdaq Composite Index is at a two-year low. The correlation coefficient between these two assets dropped to less than 1% in early July.At this level, it is at July 2021 lows. The NASDAQ Composite Index tracks the performance of all stocks listed on the NASDAQ stock exchange. Among stocks listed on this bourse include Coinbase’s COIN.
Dropping Correlation Between Bitcoin And NASDAQA correlation coeff