Correlation Break Signaling Another Crypto Rally?
π Crypto and equities have had a fairly high correlation to one another ever since Trump's selection as the 47th US President two months ago. Today, however, w
Geen financieel advies. DYOR.
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π Crypto and equities have had a fairly high correlation to one another ever since Trump's selection as the 47th US President two months ago. Today, however, we're beginning to see Bitcoin surge ahead of the S&P 500 (relative to their normal fluctuations).
For most of the past three years, we have seen cryptocurrency's reputation take on more of a "high leveraged tech stock" reputation in much of the community's eyes. However, there are signs in early 2025 that BTC may break away from normal world stock market fluctuations.
Historically, crypto markets have thrived and seen their most prominent bull markets when there is little to no correlation with equities. If Bitcoin and altcoins are able to thrive without reliance on the S&P 500 here in January, this would be a strong signal that probabilities of new all-time highs are likely. πͺ
Not financial advice. DYOR.
