Bitcoin appears to be leaving the S&P 500 beyond in the latest uptrend. Enthusiasts in the crypto community have been following this detachment closely.


Share this article

Bitcoin has been moving in lockstep with the S&P 500 for the last two months, shocking investors and analysts alike. Despite a dire warning from the Fed, BTC has been surging at the expense of stocks, indicating a potential decoupling.

Bitcoin in the Era of Central Banking Dominance

While the correlation between BTC and the S&P 500 may not be back to record lows, it is undoubtedly tapering off.

This tapering marks an essential point in the last few months as Bitcoin has closely followed the global stock market.

OKCoin - Build BTC

Chairman of the Federal Reserve Jerome Powell warned of extended weakness in economic conditions, conveying fear to stock markets across the globe.

But this fear in the stock market didn’t make its way into BTC as sentiment for the digital asset has picked up as of late.

Diminishing correlation is a good sign for the top crypto, as stocks look poised for a fresh leg down. However, it is comforting for BTC investors since this proves the correlation was spurious, as the reality of reduced demand and sales hits the stock market.

Earn smarter with Cred
Simetri Ad

Over-levered traders instigated Bitcoin’s crash in March. But since then, BTC’s performance has been immaculate, asserting itself as the most profitable investment of 2020 thus far.

Source: Binance Research

Barely a decade old, BTC has a long way to go. That said, it appears to be following in the footsteps of gold and silver, acting as a non-manipulable form of money.

If this is the decoupling the crypto community has been waiting for, there may be hope yet for Bitcoin’s mantle as a safe haven asset.

Share this article

6 COMMENTS

  1. แอ่นสะโพกขึ้นหน่อย ก็จะช่วยเพิ่มความฟินได้ไม่น้อยเลยทีเดียว

    Hi! I’ve been reading your blog for a long time now and finally got the bravery to go ahead and give you a shout out from Huffman Texas!

    Just wanted to say keep up the excellent work!

  2. The other day, while I was at work, my sister stole my iPad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My
    apple ipad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

  3. Hey there! I know this is somewhat off topic but I was wondering if
    you knew where I could get a captcha plugin for my comment form?
    I’m using the same blog platform as yours and
    I’m having difficulty finding one? Thanks a lot!

  4. Do you have any video of that? I’d care to find out some additional information.

  5. Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter
    and said “You can hear the ocean if you put this to your ear.” She placed the
    shell to her ear and screamed. There was a hermit crab inside and
    it pinched her ear. She never wants to go back!
    LoL I know this is entirely off topic but I had to tell someone!

LEAVE A REPLY

Please enter your comment!
Please enter your name here