Correlation Between Bitcoin Price and Stocks Reaches a New All-Time High

Cointelegraph

Published Jul 11, 2020 12:23AM ET

Updated Jul 12, 2020 02:20AM ET

Lately, Bitcoin price has been showing record-high levels of correlation with traditional markets and on July 9 the correlation between the S&P 500 and BTC reached a new all-time high.

Data from Skew shows that the one-year realized correlation reached 0.38 on Thursday, July 9 and this came after the metric had reached new highs earlier in the week.

Continue Reading on Coin Telegraph