[Analyst: The correlation between Bitcoin and U.S. stocks appears again] Golden Finance reported that Bitwise European Research Director Andre Dragosch said that after Donald Trump was elected, Bitcoin and the S&P 500 Index began to diverge, but this Both asset classes have recently begun to move more in tandem. Bitcoin and the S&P 500 have once again begun to correlate closely, with their correlation reaching 0.88 at the latest 20-day moving average (0 indicating no correlation, 1 indicating absolute correlation). Dragosch concluded: “While on-chain factors are likely to provide significant impetus until at least mid-2025, a deterioration in the macro situation could also pose short-term risks to Bitcoin, especially given its correlation with the S&P 500. The correlation is still relatively high.”

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