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Bitcoin-S&P 500 Realized Correlation Rose to a Record High

Jean Zheng

Summary: According to crypto derivatives research firm Skew, bitcoin’s price correlation with S&P 500 in recent months has been increasingly correlated. Skew, began tracking related data from April 2018, claimed that bitcoin-S&P 500 realized correlation rose to a record high of 66.2% on June 30 and stood at 65.8% on Thursday. This stronger relationship is denting ...

According to crypto derivatives research firm Skew, bitcoin’s price correlation with S&P 500 in recent months has been increasingly correlated. Skew, began tracking related data from April 2018, claimed that bitcoin-S&P 500 realized correlation rose to a record high of 66.2% on June 30 and stood at 65.8% on Thursday.

This stronger relationship is denting bitcoin’s appeal as digital gold.

by Jean Zheng

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Link: Bitcoin-S&P 500 Realized Correlation Rose to a Record High   [Copy]
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