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Learning & News => News related to Crypto => Topic started by: newshunter on July 12, 2020, 07:00:36 PM

Title: Correlation Between Bitcoin Price and Stocks Reaches a New All-Time High
Post by: newshunter on July 12, 2020, 07:00:36 PM

Correlation Between Bitcoin Price and Stocks Reaches a New All-Time High

Bitcoin’s correlation to the S&P 500 has reached a new all-time-high, what does this mean for BTC price?

Source: Correlation Between Bitcoin Price and Stocks Reaches a New All-Time High (https://cointelegraph.com/news/correlation-between-bitcoin-price-and-stocks-reaches-a-new-all-time-high)

Would appreciate your opinion about this

Title: Re: Correlation Between Bitcoin Price and Stocks Reaches a New All-Time High
Post by: TomPluz on July 13, 2020, 05:29:05 AM

Well, it can mean that Bitcoin has remained uncoupled with the movement of the S&P 500  and that many investors and traders can be looking at this at their gauge and the more that many are basing their decisions on this connection then the more that BTC could not get away from this influence. This is actually just in the minds of these people.