One of the most common narratives in the Bitcoin space is that it is entirely uncorrelated with other financial markets. Because cryptocurrencies are mostly separate from normal economic trends, it was easy for many to think that BTC is unaffected by, say, a recession. But over the past few months, the narrative has quickly gone out the window. In March and April, BTC and the S&P 500 traded with a very tight correlation. Whenever the […]
