Bitcoin vs Stock Market Correlation
Here's Bitcoin compared to Stock Markets.
As you can see, almost every major drop of DJI/S&P500 has caused a sell-off in Bitcoin, while it stays flat most of the time as stocks go up. Right now Bitcoin is falling in sync with the stock market.
In the beginning of the year every major move down of DXY has lead to a down trend in Bitcoin, now it has more of a reverse correlation.
As you can see, almost every major drop of DJI/S&P500 has caused a sell-off in Bitcoin, while it stays flat most of the time as stocks go up. Right now Bitcoin is falling in sync with the stock market.
In the beginning of the year every major move down of DXY has lead to a down trend in Bitcoin, now it has more of a reverse correlation.
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