Bitcoin’s gains have for the most part dovetailed with traditional markets. On Monday, the Dow Jones Industrial Average rose 0.09%. The tech-heavy Nasdaq Composite Index, meanwhile, fell 0.10% and the S&P 500 slipped 0.12%. Correlations between BTC and the three indexes remain above 0.60, indicating a strong relationship between BTC price movements and stocks.
Source: https://www.coindesk.com/markets/2022/08/08/market-wrap-bitcoin-climbs-above-24k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines