Bitcoin drops to $68,000, correlation with Nasdaq turns positive
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Bitcoin price fell by 1.25% to $68,000, impacted by weak Nasdaq futures and a 2.4% drop in gold, leading to reduced market risk appetite. Since February 3, the correlation between Bitcoin and Nasdaq shifted from -0.68 to +0.72, indicating a stronger connection with tech stocks. PEPE, DOGE, and TRUMP led the decline among altcoins, while MORPHO and ZEC outperformed other tokens over the past week.
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$68,153.14
+5.01%
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ETH
$2,062.96
+9.38%
Tether USDt
USDT
$1
+0.02%
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XRP
$1.45
+6.37%
BNB
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$626.69
+5.55%
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USDC
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SOL
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TRX
$0.2868
+0.23%
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DOGE
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+11.15%
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