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Bitcoin may have played a role in Tesla’s decorrelation from Big Tech

July 15, 2021 by DIGIT
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The 20-day correlation between Tesla stocks and the Nasdaq 100 index has sharply dropped from 0.83 in mid-June to 0.14 as of this week.

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Categories Amazon, Apple, Elon Musk, Facebook, Google, Netflix, Tesla
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  • bitcoinBitcoin(BTC)$91,273.003.77%
  • ethereumEthereum(ETH)$3,104.111.24%
  • tetherTether(USDT)$1.000.02%
  • solanaSolana(SOL)$218.473.92%
  • binancecoinBNB(BNB)$620.87-0.11%
  • dogecoinDogecoin(DOGE)$0.3791102.39%
  • rippleXRP(XRP)$0.887.30%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$3,098.751.20%
  • cardanoCardano(ADA)$0.7221.53%