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Bitcoin Surpasses $64K Amid Rising Correlation with S&P500 Following Fed’s Rate Cuts Coinotag 25 сен 2024

Bitcoin Surpasses $64K Amid Rising Correlation with S&P500 Following Fed’s Rate Cuts 📈

Bitcoin has recently surpassed the $64,000 mark, driven by rising correlation with the S&P500. Traditionally considered uncorrelated with traditional markets, the alignment of cryptocurrencies with stock market trends is noteworthy.

Recent Federal Reserve interest rate reductions have fueled this increased correlation. These developments may mark a significant turning point in the relationship between digital assets and traditional financial markets.

Источник: en.coinotag.com ↗

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