Broadcom Inc. (AVGO) vs Bitcoin (BTC)

Bitcoin's correlation with technology stocks, including semiconductor companies like Broadcom, has varied over time. Notably, in April 2022, Bitcoin's 40-day correlation with the Nasdaq 100 index reached a record of 0.6945, indicating a strong positive relationship. However, by December 2023, this correlation turned negative, marking a significant shift in the relationship between Bitcoin and tech stocks.

• April 2022:Bitcoin's 40-day correlation with Nasdaq 100 reached a record of 0.6945.
• December 2023:Bitcoin's correlation with tech stocks turned negative for the first time since early 2020.

• The correlation between Bitcoin and tech stocks, including companies like Broadcom, can fluctuate significantly over time.
• Market dynamics and investor sentiment play crucial roles in the correlation between cryptocurrencies and technology equities.