The correlation between Bitcoin (BTC) and the S&P 500 has recently surged to 0.85, indicating a strong positive relationship. This means that BTC is increasingly moving in tandem with the stock market, particularly with major equities represented in the S&P 500 index.
In contrast, Bitcoin’s correlation with gold has turned negative, currently standing at -0.19. This suggests that as gold prices move in one direction, Bitcoin tends to move in the opposite.
What does this mean?
Investors are taking note: BTC is behaving more like a risk asset rather than a safe haven like gold. In fact, it seems that Bitcoin is rising alongside traditional market optimism, positioning itself more as "digital equity" than "digital gold."
Conclusion:
BTC rises with the S&P 500—not with gold. For now, the real "gold" in terms of growth potential and investor appetite might just be Bitcoin itself.
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