The 30-day correlation coefficient between Bitcoin and the MSCI Global Equity Index is approaching -0.2
The 30-day correlation coefficient between Bitcoin and the MSCI Global Equity Index is close to -0.20, which has remained largely positive since 2020. A coefficient of 1 indicates that the assets are moving in sync, while a negative 1 indicates an inverse relationship between the two, and Bitcoin has recently shown a significant divergence from global equity markets, with the MSCI Global Equity Index up 12% year-to-date.
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