RATE Group | Bitcoin and Stocks Break 2019 Reverse Correlation Trend — Chart Data
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Bitcoin and Stocks Break 2019 Reverse Correlation Trend — Chart Data

31 Oct Bitcoin and Stocks Break 2019 Reverse Correlation Trend — Chart Data

Posted at 17:52h in Bitcoin News by

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In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. The global crypto space never sleeps, operating at all hours of the day on a global scale.

Traditional market price movements and conditions, however, may still have an impact on Bitcoin. If the economy is healthy, seeing rising prices for traditional market indices such as the S&P 500, it makes sense that people might be more willing to take risks by putting money into Bitcoin, an asset that is still speculative at this point in its history.

Crypto-Twitter has hosted many discussions on Bitcoin’s potential reaction to an overall market recession, which the digital asset has not yet truly seen since its creation in 2009. The jury is still out on how the asset and its surrounding blockchain industry might react to such a scenario.

Comparing daily charts: S&P 500 and Bitcoin

Comparing Bitcoin’s price with the S&P 500 index over the last two years shows some interesting…

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