Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hamzaal24 on April 06, 2020, 06:57:59 PM

Title: Bitcoin's Correlation with Stocks is Dropping
Post by: Hamzaal24 on April 06, 2020, 06:57:59 PM

(https://preview.redd.it/9tsxcwny98r41.jpg?width=1280&format=pjpg&auto=webp&s=0d47ede4ac5897c85bb995ae94486534bec81435)

During steep market crashes, asset classes tend to converge. At the onset of the current stock market fall, both Bitcoin and gold had sharp correlation peaks with the stock market.

Now, however, Bitcoin is once again becoming a non-correlated asset.