What’s good for equity investors appears to be beneficial again for cryptocurrency enthusiasts, with Bitcoin rebuilding its correlation with technology stocks.

After a breakdown in the directional relationship between the two asset classes in June, the largest digital currency is back to mirroring the price moves of surging Nasdaq 100 Index. The tech bellwether has rallied more than 40% this year amid the exuberance over artificial intelligence.

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Bitcoin Is Recoupling With Tech Stocks to the Delight of Crypto Devotees