ChainCatcher news, according to The Block, JPMorgan analysts have found that Bitcoin has the highest correlation with small-cap tech stocks, particularly with the Russell 2000 tech sector. This correlation tends to peak during strong performances or sell-offs in the tech market."Both Bitcoin and altcoins exhibit this, although the correlation is generally higher for the former," JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou stated in a report on Wednesday. "It makes sense that cryptocurrencies are more correlated with smaller rather than larger tech stocks, given their reliance on venture capital, and the fact that blockchain/crypto technology innovations are often the focus of smaller rather than larger tech companies."The Russell 2000 Index is a stock market index in the United States that tracks the smallest 2,000 stocks in the broader Russell 3000 Index.