European stocks

According to reports, data shows that the 30-day correlation between Bitcoin and European stock markets has fallen below – 0.2, the lowest level in more than two years. In addition, the 30-day correlation between Bitcoin and NASDAQ has fallen to about 0.2, the second lowest level in more than a year (previously below 0.2 in November 2022). Data: The 30-day correlation between Bitcoin and European stocks fell below – 0.2, hitting a two-year low Analysis based on this information:Bitcoin and its relation to the traditional financial market has been a topic of debate and intrigue for some time now. Reports have shown that Bitcoin’s correlation with the European stock market has reached its lowest level in two years, with a 30-day correlation under -0.2. In addition, the 30-day correlation between Bitcoin and NASDAQ has been noted to be around 0.2, which is the second lowest in a year. Correlation is a statistical measure that depicts the strength of a linear…

According to reports, the US dollar index rose 0.71% to 104.4. The US stock futures index expanded its decline, with all three major stock index futures falling more than 1%, while the S&P 500 futures led the decline with a 2% decline. In terms of European stocks, the stock indexes of France, Italy, and Germany fell more than 3%, while the stock indexes of the UK fell more than 2%. Credit Suisse’s US stock market fell more than 20% in early trading, continuing to hit a record low. Credit Suisse’s one-year CDS offer was close to 1000 basis points, and its largest shareholder ruled out providing further assistance to the bank. BNP Paribas shares fell 8% at one point. Futures on the FTSE China A50 index also fell nearly 1%. European banking sector weakened again, with S&P 500 futures down 2% Analysis based on this information:Global stock markets have experienced significant declines as the US dollar index rose 0.71% to…