Key Takeaways Recent market distress has caused an increase in bitcoin’s correlation to tech stocks. We can see that the 10-day and 30-day correlations between BTC and QQQ have essentially reached 1. We review the price action of QQQ during the prior tightening cycle to inform positioning around rate increases and QT.
BITCOIN & WEEKLY RECAP
BITCOIN & WEEKLY RECAP
BITCOIN & WEEKLY RECAP
Key Takeaways Recent market distress has caused an increase in bitcoin’s correlation to tech stocks. We can see that the 10-day and 30-day correlations between BTC and QQQ have essentially reached 1. We review the price action of QQQ during the prior tightening cycle to inform positioning around rate increases and QT.