#Bitcoin and the SPX most of the time correlate (move in the same way). It is clearly visible that most of the histogram is green except for some cases which I circled in gray areas.
Recently, there was again such a zone of decorrelation, and even though the majority wrote that everything bitcoin has nothing to do with the stock market. As we can see, the correlation has returned and is again at maximum values🔝
💡I think liquidity and optimism about reducing key rates played a role here, these factors equally affect these 2 assets. A new de-correlation may occur if the adoption of ETFs begins to act on Bitcoin, more than the previous factors.↗️
Recently, there was again such a zone of decorrelation, and even though the majority wrote that everything bitcoin has nothing to do with the stock market. As we can see, the correlation has returned and is again at maximum values🔝
💡I think liquidity and optimism about reducing key rates played a role here, these factors equally affect these 2 assets. A new de-correlation may occur if the adoption of ETFs begins to act on Bitcoin, more than the previous factors.↗️