Bitcoin’s win rate against the S&P 500 has climbed back above 50%, signaling a resurgence in individual demand for the asset. In September, Bitcoin gained approximately 7% while the S&P 500 remained flat, moving between 0% and 0.3%. Since its mid-August low when the win rate had fallen to 37.8% (its weakest reading in six years), Bitcoin’s market capitalization has risen approximately 36% versus just 0.8% for the S&P 500. The 260-day correlation between Bitcoin and the US equity index now sits at its lowest level since 2015, suggesting a growing decoupling between the two assets.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
