In brief: Bitcoin’s correlation with the S&P 500 is still very much intact as witnessed in yesterday’s dip. Ethereum is also highly correlated to BTC. Therefore, logic dictates that Ethereum is also highly correlated to the S&P 500. If ETH is a measure of the alt-market, then the entire alt-coin market is also correlated to the traditional stock market. Bitcoin’s correlation with the traditional stock market has been the focus of many analysts with a majority picking the S&P 500 […]
