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

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    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 institutional foreign exchange and crypto exchanges, reveals that bitcoin reacts to global market events with a

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