Currently, the correlation between BTC and S&P 500 has risen to 80%.



This means that key drivers: interest rate expectations, liquidity and overall risk-on/risk-off sentiment are directly transmitted to the crypto market. Under this regime, stock market recovery will support BTC, while their decline will amplify sell-offs.

The chart shows a 1-week rolling window -such a metric is very volatile and correlation spikes are rarely sustainable, the current level is unlikely to hold for more than a few weeks.
BTC0.17%
HOLD2.22%
MORE0.6%
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