For the past few months, Bitcoin’s price action has largely been beholden to legacy markets like the S&P 500, the U.S. dollar index, and gold. The cryptocurrency has crashed and surge intandem with these markets, suggesting it is not uncorrelated as many once said. While this may be true in the short term, analysts think that the markets will decouple eventually. Bitcoin Is Primed to Decouple From the S&P 500, Top Analyst Says Willy Woo, […]
https://bitcoinist.com/on-chain-data-shows-bitcoins-decoupling-from-sp-500-is-upcoming/?utm_source=rss&utm_medium=rss&utm_campaign=on-chain-data-shows-bitcoins-decoupling-from-sp-500-is-upcoming

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