$BTC is now moving almost in sync with traditional assets: its correlation with the S&P 500 is around 91%, and with gold, around 92%. This means Bitcoin isn’t living a life of its own but is responding to broader capital flows. Ahead of the Fed’s decision, tech stocks pulled it higher. Markets’ sharp reaction to Fed Chair Kevin Worga’s comments could just as quickly send crypto in the opposite direction.
Is Bitcoin still an asset for diversification, or is it now part of the stock market? 👇
#Correlation