The data shows that the 30-day correlation between Bitcoin and European stock markets fell below -0.2, the lowest level in more than two years, and the 30-day correlation between Bitcoin and Nasdaq fell to about 0.2, which was at the lowest level in more than a year. The second lowest level since November 2022 (previously below 0.2 in November 2022).
As previously reported, the 30-day correlation between Bitcoin and Nasdaq in May 2022 climbed to the highest level since July 2020 (0.82).