Bitcoin (BTC) Correlation With S&P 500 Hits 0.80 Over 30 Trading Days

Bitcoin's 30-trading-day correlation with the S&P 500 hit 0.80, an unusually tight link. Glassnode attributes the surge to macro forces steering both markets. This marks a notable shift for BTC, which often trades independently of equities. Investors may see crypto increasingly moving in tandem with traditional risk assets, amplifying systemic risk and reducing diversification benefits.