Bitcoin at US$82,829: Why a 95% correlation with the S&P 500 should worry long term believers

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 21 Oct, 05:08 UTC

The digital asset landscape intertwines deeply with traditional equities rather than operating in isolation. The leading cryptocurrency recently climbed 1.67 per cent to reach US$82,829.06 over a single 24-hour period. This upward progression closely tracks a broad financial recovery. Risk assets…

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• T2Bitcoin at US$82,829: Why a 95% correlation with the S&P 500 should worry long term believersSEA: e27 / Vulcan Post21 Oct, 05:08