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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

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