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From fringe to forecast: why bitcoin now moves like a currency

LMAX data finds crypto prices react to macro market events as quickly as EUR/USD

A bitcoin symbol is superimposed over a trading screen showing financial data

For years, bitcoin was seen as a speculative outlier: volatile, loosely regulated, and detached from the macroeconomic fundamentals that drive traditional asset classes. Today, we’re seeing something different. Bitcoin is not just part of the global investment conversation, it also responds to it in real time.

New research from LMAX Group, based on millisecond-level data from both our

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