Tag Archives: sp 500 bitcoin

Bitcoin and S&P 500 Price Index correlation proves that cryptos and stocks have one thing in common – the American retail investors and corporation bosses. This week is one of the most dangerous in the last 11 years, as the corporate and personal income melts amid coronavirus preparations.People see what happens in Italy and rush to the supermarkets to buy tons of food, supplies, toilet paper and so on. The shares and stocks lost another part of their value, and cryptocurrencies received...

The cryptocurrency market is purported to be a break from the traditional markets, especially because of its decentralization. There is also the fact that global financial policies or unfavorable financial climate, which heavily affects traditional financial assets, do not have the same effects on the digital currency markets. However, even with all the dissimilarities, popular Wall Street strategist Tom Lee has drawn a parallel between the traditional stock market and the cryptocurrency...