Data Shows Bitcoin Still Highly Correlated With Stock Market

Data Shows Bitcoin Still Highly Correlated With Stock Market


Data shows the Bitcoin correlation with the stock market has been high in recent months as the crypto has been closely following S&P 500 and NASDAQ.

Bitcoin Has Continued To Mimic Movements Of The US Stock Market In 2022

As per the latest weekly report from Arcane Research, while BTC has been more volatile than the stock market, the crypto’s movements have still been pretty close to the latter.

Trending: JUST IN: Social Media Posts Surface From Trump-Hating Judge Who Signed Warrant For FBI Raid Of Mar-a-Lago…Proving He Should Have Recused Himself

In the year 2022 so far, both the stock market and Bitcoin have found it hard. However, year-to-date, BTC is down 51% while S&P is 14% and NASDAQ 22% into the red, much less than BTC’s losses.

Here is a chart that shows how these assets have fared against each other, and gold, in the first

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend