According to Coin Metrics’ State of the Network report for Q2 2023, there has been a notable reduction in the 90-day correlation between the cryptocurrency market and equities represented by the S&P 500 index. This marks a deviation from the trend observed in 2022. In H1 2023, bitcoin rose 82%, ranking it third in terms of growth among assets with a market capitalization exceeding $1 billion. Only lido (LDO) and bitcoin cash (BCH) outperformed bitcoin in percentage
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Author: Ogwu Osaemezu Emmanuel