Fidelity's Timmer Says Selloff Pushed Bitcoin Correlation With Stocks Higher
Fidelity's Timmer says Bitcoin correlation with stocks rose in last week's rout, as REITs and ex-AI shares followed. The post Fidelity's Timmer Says Selloff Pushed Bitcoin Correlation With Stocks Higher appeared first on BeInCrypto.
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinArtificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceMore in Finance
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