But two charts depicting relative performance amid recent stock market corrections illustrate that bitcoin is more positively correlated to equities than some might think . The first one shows that when stocks fell nearly 20% in the fourth quarter of 2018, bitcoin fell as much as 50%, while gold traded up nearly 8%.23 Oca 2022
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As the International Monetary Fund warned in a blog post, sentiment in equities and crypto appear increasingly connected, raising the “risk of contagion across financial markets.” Bitcoin’s correlation to the S&P 500 was just 0.01 from 2017 to 2019 , said the IMF, suggesting that equity and crypto prices were moving …14 Oca 2022
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