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Ethereum World News 2021-03-27 10:05:59

Bitcoin’s 30-Day Correlation with the S&P500 Reaches March 2020 Levels

In brief: Bitcoin’s 30-day rolling correlation with the S&P 500 has increased to levels last seen in March and October of 2020 Bitcoin’s correlations with gold, bonds and the dollar index (DXY) have decreased Bitcoin price is currently more influenced by the global macro events BTC is currently challenging gold as an ideal hedge against inflation Bitcoin’s correlation with the S&P 500 has once again increased. This is according to a recent report by the team at Bitcoin Uncharted which […]

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