Cryptocurrency Q&A
What is the correlation between Bitcoin and the S&P 500?
What is the correlation between Bitcoin and the S&P 500?
ZenBalance
Sat Jul 06 2024
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6 answers
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Could you elaborate on the potential relationship between the performance of Bitcoin and the S&P 500 index? Is there a direct correlation, or are they influenced by separate market forces? Has there been any historical precedent or trend indicating a concurrent rise or fall in their values? Are investors considering Bitcoin as a potential hedge against volatility in traditional equity markets, or is it seen as a separate asset class altogether? Understanding this relationship could provide valuable insights for investors diversifying their portfolios.
6 answers
Daniela
Mon Jul 08 2024
The correlation between Bitcoin, the leading cryptocurrency by market capitalization, and the S&P 500, Wall Street's benchmark equity index, has reached a significant milestone.
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KDramaCharm
Sun Jul 07 2024
With the rise in popularity and adoption of cryptocurrencies, Bitcoin's correlation with traditional financial markets has become a closely watched indicator.
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SamuraiWarriorSoulful
Sun Jul 07 2024
On Friday, Arcane Research data revealed that the 90-day correlation coefficient between the two had risen to 0.49.
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Tommaso
Sun Jul 07 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to this growing interest. These include spot trading, futures trading, and wallet services, providing investors with a comprehensive platform to manage their digital assets.
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CryptoChieftain
Sun Jul 07 2024
This represents the highest level since October 2020, indicating a closer alignment in their price movements.
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