Bitcoin Reclaims Strong Correlation with S&P 500: What This Means for BTC
Bitcoin has surpassed its all-time high again, soaring to an impressive $108,300. This rally further solidifies its status as a market leader, demonstrating its robust recovery. The correlation with the S&P 500 suggests that Bitcoin is gaining traction among traditional investors. This surge marks a continuation of Bitcoin’s entry into price discovery, driven by increasing demand and positive market sentiment across the globe. As cryptocurrency adoption accelerates, many investors are examining how this relationship may impact Bitcoin’s future growth and stability.
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