Bitcoin's Correlation With SP500 Still Tight... Until Then, Hang Tight Yourself
📊 After crypto's 'Trump Pump' has settled down over the past 2 weeks, Bitcoin has began to range in close correlation with the S&P 500. In fact, most of the ye
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📊 After crypto's 'Trump Pump' has settled down over the past 2 weeks, Bitcoin has began to range in close correlation with the S&P 500. In fact, most of the year has seen a fairly tight bond between the two, with BTC often being memed about being a 'high leveraged tech stock' by cryptocurrency traders.
Regardless, pay attention to a more mid or long term break between crypto and equities. If this correlation begins to weaken, it would be a bullish signal. Historically, crypto has flourished when there is little to no reliance on world stock markets. 🏦
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