Cryptocurrency
Bitcoin Correlation With S&P 500 Nears All-Time High, How Could This Impact Crypto?
As reported on NewsBTC, “The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse. “The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels […]
As reported on NewsBTC, “The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse.
“The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at risk of another crash. How could this impact Bitcoin in the days and weeks ahead if the stock market does collapse?
“As the new year first rolled around, the stock market was on fire, and cryptocurrencies had just begun to heat up…”