Fidelity's Timmer Says Selloff Pushed Bitcoin Correlation With Stocks Higher
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Fidelity's Jurrien Timmer said Bitcoin's correlation with equities rose during last week's market selloff, with REITs and non-AI shares also moving in tandem with the cryptocurrency. The observation underscores how Bitcoin has behaved more like a risk asset than a diversifier during periods of broad market stress. Timmer's comments come as investors reassess crypto's portfolio role amid heightened cross-asset volatility. Market participants will watch whether the elevated correlation persists in the next selloff or fades as conditions stabilize.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
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Fidelity, Timmer, Bitcoin (BTC)
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