CoinDesk: Bitcoin and Stock Markets Demonstrate Stronger Positive Price Correlation Amid Inflation Fear
The closing price of the U.S. stock indexes, alongside bitcoin and ether over seven days, reveals the bearish reaction to rising inflation. The 90-day correlation between bitcoin and the S&P 500 has increased from around zero in June to about 0.3% now, representing a slightly positive price relationship. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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- Read full article on: CoinDesk
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