Bitcoin Correlation With S&P 500 Hits 0.8: Macro Trends Dominating Crypto
New analytical data indicates a significant shift in the relationship between digital assets and traditional financial markets. According to a recent report by Glassnode, the correlation coefficient between Bitcoin (BTC) and the S&P 500 index has reached 0.8, marking its highest level since the market volatility of 2020. This metric suggests that the primary cryptocurrency is currently moving in...