Historical data shows that Bitcoin typically gains 20% within a month of major spikes in oil prices. Should traders prepare for a rally to $79,000?
Key takeaways:
Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable.
Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices.
Bitcoin ETF inflows have turned positive as gold ETFs see record outflows after a historic rally Is...
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