Kraken Report: Bitcoin Getting Increasingly Correlated with S&P 500

5007f09119678

ajax loader

Rolling 30 day correlation between bitcoin and the SP500 hit all time highs this week 350x209 1

Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its correlation with the S&P 500 from 0.13 to 0.52. Bitcoin Increasingly Correlating with SP 500 and Gold  According to Kraken’s June 2020 Bitcoin Volatility Report,

Add a Comment

Your email address will not be published. Required fields are marked *

Do NOT follow this link or you will be banned from the site!