OBTC - Crypto Logs: Crypto Goes From Meme To Mainstream

• Although the macro environment is a headwind for riskier assets like crypto and crypto-related equities, broader adoption of Bitcoin - particularly for institutional investors - has been encouraging for longer-term fundamentals.
• Thirty-day correlations between Bitcoin and the S&P 500 Index have climbed to their highest levels since the start of the pandemic in early 2020.
• Bitcoin’s correlation with tech stocks (measured by the Nasdaq 100) has also increased, and this relationship has been even stronger for crypto-related equities.

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