Galaxy Digital expands brokerage services with acquisition of GK8

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US economy added 263,000 robust and unexpected jobs in November. Bitcoin was hovering around $17,000 recently, recovering from an earlier decline in the news, while stocks were mixed after the strong jobs report. The S&P 500 and Nasdaq Composite closed down 0.12% and 0.18%, respectively, while the Dow Jones Industrial Average rose 0.1%. Data from crypto analytics firm IntoTheBlock shows that bitcoin’s 30-day correlation with the S&P 500 fell to -0.8, hitting its lowest point since May 2019. “The contrast between the internal problems of the crypto and macro tailwinds led to the two becoming negatively correlated,” Lucas Outumuro, head of research at IntoTheBlock, wrote in a Friday note.


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