Opinion: The high correlation between Bitcoin and traditional markets is often short-lived
Bitget2025/04/08 01:47
The recent performance of Bitcoin is closely related to the SP 500 index, but this correlation fluctuates significantly over time. For example, due to the two types of assets moving in opposite directions within the last 50 days, the correlation turned negative in June 2024. In addition, although the correlation indicator exceeded a threshold of 60% for 272 days (about 38% of that period) within two years, there is no statistical conclusion on this figure yet.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$79,082.25
+4.55%
Ethereum
ETH
$1,559.24
+6.10%
Tether USDt
USDT
$0.9995
+0.06%
XRP
XRP
$1.86
+9.14%
BNB
BNB
$557.13
+4.48%
USDC
USDC
$0.9999
+0.00%
Solana
SOL
$107.73
+10.04%
Dogecoin
DOGE
$0.1499
+12.79%
TRON
TRX
$0.2340
+5.26%
Cardano
ADA
$0.5812
+11.17%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now