VanEck Analysts Say Bitcoin’s Correlation With Stocks Remains Strong

TL;DR Tight Market Link: VanEck’s analysis underlines that Bitcoin remains deeply intertwined with traditional equity markets, maintaining its status as a risk asset influenced by broader financial trends. Brief Divergence, Steady Correlation: Despite a fleeting surge from $81,500 to over $84,500, Bitcoin’s 30-day moving average correlation with the S&P 500 quickly stabilized around 0. 55. Outperformance source: https://crypto-economy.com/vaneck-analysts-say-bitcoins-correlation-with-stocks-remains-strong/