COVID-19 Panic Tests Bitcoin Uncorrelated Asset Narrative

Crypto New Media Press

COVID-19 Panic Tests Bitcoin Uncorrelated Asset Narrative

Bitcoin (BTC) trading is currently seeing its highest correlation with the S&P 500 stock market index as panic over the coronavirus (COVID-19) pandemic is reportedly forcing investors to embark on massive portfolio de-risking. Bitcoin Trading Correlation with S&P 500 Reaches All-Time High Data from crypto analytics platform Coin Metrics shows that the correlation between the […]

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