BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro- Major Crypto levels and bias summary 
|
One year Correlation BTC VS other Assets class |
||||
|
Asset class |
NASDAQ |
Gold |
US dollar index |
US Bond yields |
|
Bitcoin |
53.70% |
11.50% |
-4.45% |
7.40% |
|
Year to date |
||||
|
Asset class |
NASDAQ |
Gold |
US dollar index |
US Bond yields |
|
Bitcoin |
75% |
4.72% |
-6.32% |
9.80% |
BTC has a high positive correlation with NASDAQ. The correlation between BTC and NASDAQ got strengthened from Feb to Apr Other assets like gold, have minor positive correlation. While US dollar, and US 10-year yield don't have much correlation with BTC.
