Bitcoin Decouples From S&P 500 – Good or Bad for BTC?

Description

Over the last three weeks, the correlation between bitcoin (BTC) and the S&P 500 has been declining. As of February 17, the correlation dropped to zero, meaning BTC completely decoupled from the leading stock market index. According to data analyzed by market intelligence firm IntoTheBlock, the decorrelation between BTC and the S&P 500 could be a bullish signal because BTC soared past $100,000 after the last time the market saw such a low correlation. This was in early November, shortly after th...