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

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

Bitcoin’s (BTC) correlation with the is at a 2-year high. This is a bearish sign for the cryptocurrency market.

Cryptocurrency market research firm, Santiment, pointed out that the recent market downturn resulted in a high correlation between and the traditional financial markets in a March 20 tweet.

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Source: Cryptocurrency - investing.com

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