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 2020Bitcoin’s correlations with gold, bonds and the dollar index (DXY) have decreasedBitcoin price is currently more influenced by the global macro eventsBTC is currently challenging gold as an ideal hedge
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