Bitcoin's Correlation With the S&P 500 Just Hit 0.80. Is Bitcoin Trading Like a Tech Stock Again?
5 Articles
5 Articles
Bitcoin's Correlation With the S&P 500 Just Hit 0.80. Is Bitcoin Trading Like a Tech Stock Again?
Bitcoin is sinking in lockstep with Wall Street, yet it keeps missing the rebounds. Past episodes of tight correlation ended in opposite ways, and two specific signals could reveal which path Bitcoin takes next.
Bitcoin’s Correlation With the S&P 500 Just Hit 0.80. Is Bitcoin Trading Like a Tech Stock Again?
The post Bitcoin’s Correlation With the S&P 500 Just Hit 0.80. Is Bitcoin Trading Like a Tech Stock Again? appeared first on 24/7 Wall St.. Bitcoin (CRYPTO:BTC) and U.S. stocks have been closely aligned lately. Glassnode data shows that as of November 6, 2026, Bitcoin’s S&P 500 correlation over…
Bitcoin now evolves almost at the same pace as Wall Street. According to Glassnode, its correlation with the S&P 500 reaches 0.80, a level rarely observed since 2020. As technological values fall and Asian Stock Exchanges try to stop the decline, can the BTC still play its role of diversification? The Bitcoin and S&P 500 article: a record correlation since 2020 that worries investors appeared first on Cryptoast.
According to ChainCatcher, Glassnode stated that the correlation between Bitcoin and the stock market is rarely this strong. Over the past 30 US stock trading days, the correlation coefficient between Bitcoin and the S&P 500 reached 0.8. Since 2020, this correlation coefficient has been far below this level for the vast majority of the time. While the market occasionally discusses Bitcoin's relative strength, macroeconomic factors currently stil…
Bitcoin's 30-day correlation with the S&P 500 has risen to 0.80. According to Glassnode, this unusually strong correlation is explained by the macroeconomic forces driving both markets.
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