Are Bitcoin Price And Equities Performance Correlated? Today

243

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The two assets have been trading in a very correlated fashion since the start of the new year. With the stock market open this morning, both assets sold off in tandem, with bitcoin bouncing first with equities following, which serves as a strong sign for bitcoin investors.

Currently the rolling one-month correlation between the two assets is +46.7%.

Read More:   Government-Imposed Bitcoin Adoption Is Clashing With Community Efforts On The Ground In El Salvador Today

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More