Bitcoin Trades Like Software as IGV Correlation Hits Multi-Year High

Bitcoin’s price action has closely tracked the iShares Expanded Tech‑Software ETF (IGV) for more than five years. The current 30‑day correlation stands at 0.73, stronger than Bitcoin’s correlation with the Nasdaq‑100. During the latest selloff, Bitcoin and software equities moved almost tick-for-tick. Gold correlation has faded to near zero. Bitcoin failed to act as a […] Read The Full Article Bitcoin Trades Like Software as IGV Correlation Hits Multi-Year High On Coin Edition.