Data: The correlation between Bitcoin price and Nvidia stock price has reached its highest level since May 2023
ChainCatcher message, according to data from the charting platform TradingView, the 90-day correlation coefficient between Bitcoin and Nvidia's stock price has risen to 0.86, the highest level since May 2023, and turned positive in November. Since July 2020, the 52-week correlation has been positive and is currently at 0.88, the highest level since January 2023.
A coefficient above 0.80 indicates a high correlation between Bitcoin and NVDA, and they tend to move in the same direction.
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