Summary
- Reported that the correlation between Bitcoin and S&P 500 has recorded zero.
- Explained that this means there is currently no correlation between Bitcoin and the U.S. stock market.
- Added that this correlation was also observed just before Bitcoin surpassed $100,000.
Bitcoin (BTC) and S&P 500's correlation has recorded zero.
On the 17th (local time), IntoTheBlock announced via X that "Bitcoin and S&P 500's correlation has dropped to 0," explaining that "this means there is currently no correlation between Bitcoin and the U.S. stock market." They added that "the last time the correlation between these two assets hit 0 was on November 5th last year," and that "this occurred just before Bitcoin surpassed $100,000."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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