Bitcoin Hits Highest Correlation With US Stock Market in 2 Years
- Bitcoin (BTC) has hit its highest correlation with the US stock market in two years, according to data from IntoTheBlock. 📈
- This comes as major US stock indexes, such as the Dow Jones and S&P 500, both hit new record highs this week.
- The US Federal Reserve's interest rate cut, coupled with inflation data falling to 2.2%, has boosted both the stock and crypto markets.
- BTC price has surpassed $66,500 for the first time in two months, showing optimism about a new record high in the near future. 🚀