Express

Bitcoin's Correlation To Stocks Has Dropped Significantly

Roland James

Summary: The correlation between bitcoin and stock index S&P 500 has dropped significantly, indicating that the two asset classes may no longer be moving in the same direction. Bitcoin’s correlation to S&P 500, which is measured via BTC/USD on Coinbase and S&P 500 futures, has dropped to a two-month low. The correlation at the time of ...

The correlation between bitcoin and stock index S&P 500 has dropped significantly, indicating that the two asset classes may no longer be moving in the same direction.

Bitcoin’s correlation to S&P 500, which is measured via BTC/USD on Coinbase and S&P 500 futures, has dropped to a two-month low. The correlation at the time of writing sits at around 0.15, which means it is nearly negligible. Around a month ago, on April 16, the correlation was moderately positive at 0.53.

By Roland James

Last Update:

Tags: ,,,
Link: Bitcoin's Correlation To Stocks Has Dropped Significantly   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 4 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 12 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago

    • You need to login to comment.