Stocks Down, Gold and Crypto Up as Market Correlations Shift

Stocks, particularly prominent ones such as the S&P 500 and Nasdaq in the U.S., began to experience downward pressure, with their values declining due to ongoing geopolitical tensions. In the months leading up to this, Bitcoin had exhibited a robust positive correlation with these major stock markets. However, by October, this synchronicity notably waned as the correlation between Bitcoin and these stocks decreased. KEEP READING