Bitcoin Surged 22% in August as Stocks Stalled: Is BTC Decoupling?
Bitcoin
Bitcoin (CRYPTO: BTC) surged 22% in August while the Nasdaq (NASDAQ:NDAQ) barely moved 5% and its correlation with gold hit a six-year high, fueling a debate whether BTC is breaking away from its traditional risk-asset behavior. Why Bitcoin Correlations Shift Prominent key opinion leader Scott Melker pushed back on the idea that Bitcoin needs to permanently track either equities or gold.
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