Digital Currency
Add as a preferred source on GoogleThe coefficient reflects both the strength and direction of the relationship, but a 0.80 reading does not mean daily percentage changes were equal in size.
Across the latest 30 U.S. stock-trading sessions, the two series recorded a 0.80 correlation in daily percentage changes, the highest reading since May 2022.
The figure indicates a strong positive association: the two series tended to move in the same direction. The coefficient describes co-movement; it does not mean the daily percentage changes matched in magnitude. Since 2020, readings generally remained well short of 0.80.
The largest transfer involved 3,543 BTC valued at $268.9 million; the four displayed transaction values add to $637.7 million.
The earlier Binance quote was $75,938, while a separate one-hour measure showed a 0.15% gain.
The Nov. 6 reading listed $24.94 million in bids and $9.24 million in asks while Bitcoin traded at $75,747.
