Bitcoin is undeniably having a great year, but is losing momentum just when it might have been expected to go up a gear. Its traditionally strong and positive correlation with technology stocks, in particular the "mega tech" and growth stocks that have exploded higher in recent weeks, has completely broken down. Bitcoin's BTC=BTSP rolling 30-day correlation with the Nasdaq .IXIC last week flipped to its most negative in six months, and its correlation with the NYSE FANG+TM index of mega tech and growth equity .NYFANG plunged to its most negative in nearly four years. The recent burst of investor optimism that the ... (full story)