News
Pro-Crypto Trump Drives Bitcoin (BTC)-Global Stocks Divide
Bitcoin and global stocks are diverging as Donald Trump’s election push and growing cryptocurrency adoption boost the largest digital asset, while stocks falter on an uncertain outlook for corporate earnings.
A 30-day correlation coefficient for Bitcoin and MSCIThe world stock index is falling toward minus 0.20, a rare occurrence since the measure has typically been positive since 2020, data compiled by Bloomberg show. A reading of 1 indicates assets are moving in lockstep, while minus 1 signals an inverse breakeven.