Express

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

Last Update:

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

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 15 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 5 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 7 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 12 days ago

    • You need to login to comment.