Bitcoin’s Recent Rally Underscores the “Low Correlation” of Crypto with Traditional Assets: Expert

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By BitcoinWiki News

1. Bitcoin has reached a 19-month high of $42,000, showing resilience and low correlation with traditional macro assets amid global market downturns. The anticipation of the US approving spot Bitcoin ETFs and decreasing correlation with global shares and gold are key drivers behind the surge in Bitcoin’s value.
2. Bitcoin has surged to a 19-month high of $42,000, showcasing its resilience and low correlation with traditional macro assets during a global market downturn. Factors driving its surge include the anticipation of the US approving spot Bitcoin ETFs, decreased correlation with global shares and gold, and the belief that the worst of the US crackdown on the crypto sector may be behind.
3. 1. How do you think the potential approval of US spot Bitcoin ETFs will impact the demand for Bitcoin?
2. Do you believe the decreasing correlation between Bitcoin and traditional assets signals a shift in the way investors view and utilize cryptocurrencies?
3. What impact do you think the optimism regarding US regulation and the decrease in correlation between Bitcoin and traditional assets will have on the future of the cryptocurrency market?

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