Correlation between STRC and BTC hits an all-time high
Bitcoin Holder Strategy Inc.’s perpetual preferred shares, known as STRC or “Stretch,” show an increasingly close connection to that of Bitcoin. BTC$59,449.50 price movements. This weakens its appeal as a relatively stable source of income. The 90-day correlation coefficient between the two has climbed to almost 0.70, the highest level since the instrument’s launch in […]
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