Crypto Rues Bitcoin’s Decoupling From AI-Fueled Tech Stock Gains
- Bitcoin posted first monthly loss of 2023 while Nasdaq surged
- During pandemic era tokens and stocks often moved in tandem
Crypto fans are now paying a price for Bitcoin’s weakened correlation with technology stocks.
The top digital asset posted a monthly slump in May for the first time in 2023, while the Nasdaq 100 added almost 8% amid hype over artificial intelligence.