JPMorgan Reveals Fascinating Link Between Bitcoin and Tech Stocks

Coin-Turk 8 months ago 128

JPMorgan recently examined the relationship between cryptocurrencies and stocks, particularly highlighting Bitcoin’s alignment with the Russell 2000 index, which includes small-cap technology companies. The study suggests that the performance of Bitcoin $104,833 correlates strongly with tech stocks, especially during periods of market volatility such as the tech-driven rises between 2020 and 2024 and the downturns in 2022. The research attributes this correlation to the venture capital-driven nature of cryptocurrencies and the concentration of technological innovations within smaller companies.

According to JPMorgan, two main factors underlie the connection between the cryptocurrency market and technology stocks. First is the significant influence of retail investors in both...

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