Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks
Bitcoin is trading around key levels after reclaiming the $115,000 mark, with bulls firmly in control despite ongoing consolidation below the $120,000 threshold. The trend remains bullish, supported by steady buying interest and strong technical positioning.
Key data shows that the correlation between Bitcoin and the S&P 500 has surged to 80%. In this high-correlation regime, a continued rally in US equities could provide Bitcoin with a tailwind toward new highs, while an equity pullback could amplify downside volatility.
With the S&P 500 currently in a bullish phase, BTC appears to be tracking the same trajectory. Still, market watchers caution that such high correlation levels are often short-lived and prone to sharp reversals. For…
