Express

Data Shows That Bitcoin's Correlation to the SP500 Has Dropped Back to 0 for the First Time Since May

Amy Liu

Summary: Crypto analysis firm just tweeted, with 14.1% price surge this past week, its correlation to the SP500 has dropped back to 0 for the first time since May on the 30-day rolling average model. This is a great sign for crypto after having an all-time high correlation in August. By Amy Liu

Crypto analysis firm just tweeted, with 14.1% price surge this past week, its correlation to the SP500 has dropped back to 0 for the first time since May on the 30-day rolling average model. This is a great sign for crypto after having an all-time high correlation in August.

By Amy Liu

Last Update:

Tags: ,,
Link: Data Shows That Bitcoin's Correlation to the SP500 Has Dropped Back to 0 for the First Time Since May   [Copy]
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 5 hours ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 15 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 22 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 25 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 28 days ago
  • You need to login to comment.