Bitcoin’s Correlation to US Stocks Hits 20-month Lows - Here’s Why That’s Bullish for BTC

Publikováno: 21.3.2023

#Bitcoin News #Bitcoin #btc #Stocks #Correlation

Bitcoin’s correlation to US equity markets just fell to its lowest level in more than a year and a half. That’s according to crypto analytics firm CoinMetrics, who present a chart showing that Bitcoin’s 30-day pearson correlation between Bitcoin and the S&P 500 just fell under 0.20, its lowest level since September 2021.
That’s a big reversal from mid-2022, when Bitcoin and stocks were largely moving in lockstep and the 30-day correlation briefly surpassed 0.7....
Read More: Bitcoin’s Correlation to US Stocks Hits 20-month Lows - Here’s Why That’s Bullish for BTC