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Bitcoin’s Trump trade dented by rising yields and strong US dollar
Jan 09, 2025
Cointelegraph has featured insights from Robert Wallden, Abra’s Head of Trading, in an article focused on the Bitcoin-Trump trade and a fading Bitcoin rally in the new year. The piece included insights from Robert related to Bitcoin’s historically strong correlation with stock indexes, particularly tech-heavy ones like the Nasdaq. He noted that the correlation currently sits at 64% as digital assets look for their next digital-specific catalyst.
