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Cryptocurrency

Are Bitcoin Price And Equities Performance Correlated?

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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.

Potential correlation between bitcoin and equities is in focus as the S&P 500 reached as far as 4.2% below its all time highs.

Source: TradingView

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%.



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