Bitcoin has broken its correlation with gold, US stocks, and the dollar in recent weeks, according to Santiment data. The cryptocurrency rebounded from $75,000 to over $87,000, while gold remained flat and the S&P 500 gained just 0.8%. Its market capitalization grew by 36% since August 18, dramatically outperforming traditional markets. This shift occurred despite the Fed rate hike and the failure of the CLARITY Act vote, suggesting that bitcoin now trades independently.
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