Bitcoin: Bitcoin’s rising correlation with tech weighs on hedge appeal

Bitcoin: Bitcoin’s rising correlation with tech weighs on hedge appeal

A familiar tone emerged in the market on Friday: tech stocks saw a small rebound and around the same time, Bitcoin reversed course as well, highlighting the cryptocurrency’s tendency to move at the same time as other risky assets. The world’s largest digital token rose 0.6% to $43,080 on Friday as of 3:46 pm New … Read more