Bitcoin Returns to a Negative Correlation With the USD
The relationship between two different assets is measured via the correlation coefficient. This results in a range between 1 and -1, with a positive 1 being a direct pricing relationship and a negative 1 being an inverse correlation. After moving as high as 0.84 on 19 November, the correlation coefficient of Bitcoin (BTC) to the …
Bitcoin Returns to a Negative Correlation With the USD Read More »