Ethereum World News
2020-05-14 15:55:35

Bitcoin’s (BTC) Correlation with the S&P 500 Begins to Drop

In summary: Bitcoin is once again battling to break the $10,000 resistance level. BTC has been highly correlated to the traditional markets since the Coronavirus crash of March 2020. Its correlation with the S&P 500 has started to drop. In the last 48 hours, Bitcoin (BTC) has pulled a fast one on short-sellers who were banking on the fading interest in the digital asset after the Bitcoin halving. In the last two days, the King of Crypto has risen steadily […]

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