Callie Cox: top related news
25.02 / 21:07
Bitcoin, equity markets link gets spotlighted as Ukraine crisis whipsaws prices
Bitcoin’s correlation to stocks continued to strengthen as the largest cryptocurrency rebounded along other risk assets as fast-moving developments related to Russia’s invasion of Ukraine whipsawed investors. Bitcoin, which is the largest digital currency, fluctuated in a range of about 14% on Thursday. A 60-day correlation between the digital token and S&P 500 currently stands at 0.6, out of a highest possible score of 1, indicating similar behavior.