Correlation between crypto and Nasdaq
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Where next for Big Tech stocks? Pay attention to bitcoin, says Citi.
MarketWatchยท 2025-11-07 11:41
Core Viewpoint - The cryptocurrency market exhibits a strong correlation with the Nasdaq index, indicating that movements in tech stocks may significantly influence crypto prices [1] Group 1 - The relationship between cryptocurrency and the Nasdaq suggests that investors in crypto should closely monitor tech stock performance [1] - Historical data shows that fluctuations in the Nasdaq often precede similar movements in the cryptocurrency market, highlighting the interconnectedness of these asset classes [1] - This correlation may impact investment strategies, as shifts in investor sentiment towards tech stocks could lead to corresponding changes in cryptocurrency valuations [1]