S&P 500 Up ~15% YTD as Bitcoin Nears $94,000 — Correlation Spikes to 0.7+ - Coinpaper

The S&P 500 has gained approximately 15% year-to-date, while Bitcoin is approaching the $94,000 mark, leading to a significant increase in correlation between the two assets, now at 0.7 or higher. This trend indicates a growing relationship between traditional equities and cryptocurrencies amidst shifting market dynamics.

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Source: Google News Crypto · Report an issue