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Market Wrap: Bitcoin Sell-Off Deepens as Correlation With Stocks Rises

BTC is down 40% from its November peak, compared with a 16% drop in the Nasdaq 100 over the same period.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)
A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)