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Last night, the three major U.S. stock indices fell collectively. The Dow Jones dropped by 1.2%, the S&P 500 fell by 0.90%, and the Nasdaq also couldn't hold up, closing down by 0.84%.



The selling pressure from the traditional market has directly dragged down the cryptocurrency sector. Funds are seeking safety, and sentiment is contracting. The weaker the tech stocks, the harder Bitcoin and Ethereum—these high-beta assets—fall. After all, their 30-day correlation with the Nasdaq 100 has surged to around 0.80. What does this number mean? It's the highest point since 2022.

In simple terms, the current crypto market is almost tied to the tech sector of the US stock market. When the Nasdaq sneezes, BTC catches a cold.
BTC1.58%
ETH3.48%
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LootboxPhobiavip
· 22h ago
The correlation of 0.80... I can't hold on any longer, the crypto world has completely turned into a conveyor belt for the US stock market.
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FadCatchervip
· 22h ago
When the Nasdaq catches a cold, the crypto world gets severely ill; this binding is a bit too rigid, we need to find a way to depeg.
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0xSleepDeprivedvip
· 22h ago
A correlation of 0.80, this is really outrageous, it feels like the encryption circle is just the laborers of the US stock market now.
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MemeKingNFTvip
· 22h ago
When the Nasdaq catches a cold, the crypto world catches a fever, a correlation of 0.80 shows that we simply can't escape, is this the fate of being trapped?
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MEV_Whisperervip
· 22h ago
The Nasdaq is so disappointing, does BTC still want to be independent? Dream on, this correlation of 0.80 already says it all.
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