The US economy added an unexpectedly robust 263k jobs in November. Bitcoin recently hovered near $17,000, recovering from an earlier news drop, while stocks were mixed following the strong jobs report. The S&P 500 and Nasdaq Composite ended down 0.12% and 0.18%, respectively, while the Dow Jones Industrial Average gained 0.1%. Data from crypto analytics firm IntoTheBlock shows that Bitcoin’s 30-day correlation with the S&P 500 has fallen to -0.8, the lowest level since May 2019. Lucas Outumuro, head of research at IntoTheBlock, wrote in a Friday note.
