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by Maria Krasinski
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Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon
Why is Polygon (MATIC) price up today?
MATIC price surged due to favorable regulation, increased network use and anticipated Polygon 2.0 upgrade that could see a rebrand to POL.
Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes SaysThe 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
Bitcoin's (BTC) fortune is no longer tied to sentiment in the U.S. stock markets.
The 90-day rolling correlation of changes in bitcoin's spot price to changes in Wall Street's tech-heavy equity index, Nasdaq, and the broader index, S&P 500, has declined to near zero. That's the lowest in two years, according to data tracked by crypto derivatives analytics firm Block Scholes.
"It [the correlation] is now at the lowest level observed since July 2021, when BTC was between its twin peaks in April and November," Andrew Melville, research analyst at BlockScholes, said in an email.
www.coindesk.com/markets/2023/07/05/bitcoin-is-no-longer-correlated-to-us-stocks/
putting bitcoin in the piggy
Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology, as we currently know it, was created.