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Is Bitcoin Correlated to the S&P 500?

TheMotleyFool

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Since the creation of Bitcoin (CRYPTO: BTC), investors have been hoping for the day when it trades unrelated to the stock market.

Recently, Bitcoin has traded more like a tech stock or more similarly to the S&P 500. Yet there is evidence that this is more of a recent trend and that Bitcoin actually has been uncorrelated to the stock market for quite some time.

Image source: Getty Images.

Source Fool.com

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