Bitcoin’s Correlation With S&P500 At 2-Year High Amid the Coronavirus Crisis

Bitcoin’s Correlation With S&P500 At 2-Year High Amid the Coronavirus Crisis
фото показано с : cointelegraph.com

2020-3-23 17:24

Crypto market research firm says the recent market downturn resulted in a high correlation between Bitcoin and the traditional equity

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bitcoin market high correlation downturn equity resulted

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Bitcoin (BTC) could be gearing up its last explosive rally of a four-year market cycle, which traditionally kicks off at the beginning of a halving event and culminates just before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market.

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