🎉Good news! Odaily Planet Daily reported that the correlation between Bitcoin (BTC) and the S&P 500 (SPX) has dropped to 0.05, which means that the market is diverging. 📈
Over the past five years, the two have maintained a high positive correlation during the epidemic and from the end of 2021 to 2022. However, while SPX continues to set new highs, BTC has hovered around $60,000, occasionally falling below this level. 😮
Interestingly, BTC and SPX have been negatively correlated four times since 2019, each time heralding a local low in Bitcoin prices. 🔍
What might this trend indicate? We must continue to pay attention! 🔥
However, no matter how the market changes, our optimism about Bitcoin remains unchanged! 💪
Let us look forward to the future of Bitcoin together! 🚀