Bitcoin has had a mixed-price performance over the last seven days. In what seemed like a continuation of the recent downturn, the world’s largest cryptocurrency saw its value fall below $40,000 for the first time since December 2023.
However, BTC’s price seems to be recovering nicely after reaching above $41,000 and even momentarily reaching $42,000 on Friday, January 26. Recent data shows that the premier cryptocurrency might follow the steps of the stock market index S&P 500, which recently attained a new all-time high.
BTC Playing Catch-Up With The Stock Market?
In a new post on the X platform, data analytics site Santiment highlighted how Bitcoin might try to regain its correlation with the S&P 500, one of the most popular stock market indexes. This index tracks the performance of 500 of the largest exchange-listed companies in the United States.
According to the on-chain analytics platform, investor sentiment around Bitcoin reached peak euphoria on January 11, the d
We współpracy z: https://bitcoinist.com/is-bitcoin-regaining-correlation-with-sp-500-42000/
