Bitcoin drops to $68,000, correlation with Nasdaq turns positive
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Bitcoin price fell by 1.25% to $68,000, impacted by weak Nasdaq futures and a 2.4% drop in gold, leading to reduced market risk appetite. Since February 3, the correlation between Bitcoin and Nasdaq shifted from -0.68 to +0.72, indicating a stronger connection with tech stocks. PEPE, DOGE, and TRUMP led the decline among altcoins, while MORPHO and ZEC outperformed other tokens over the past week.
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Crypto prices
More
Bitcoin
BTC
$68,489.33
-6.91%
Ethereum
ETH
$1,915.51
-6.29%
Tether USDt
USDT
$0.9990
+0.02%
BNB
BNB
$633.32
-5.96%
USDC
USDC
$0.9998
-0.00%
XRP
XRP
$1.01
-2.85%
Solana
SOL
$78.55
-5.13%
TRON
TRX
$0.3109
-1.92%
Hyperliquid
HYPE
$70.8
-1.04%
Zcash
ZEC
$904.33
-7.65%
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