Bitcoin Taking Cue From Tech Stocks as Markets Await US CPI Test
(Bloomberg) -- The correlation between Bitcoin and a gauge of US technology stocks has hit a two-year high, indicating that the equity market’s reaction to US inflation data due later Wednesday may set the tone for digital tokens.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesA 30-day correlation coefficient for the largest cryptocurrency and the Nasdaq 100 Index is at about