Bloomberg recorded an increased correlation of bitcoin and the S&P 500

At the end of August, bitcoin’s dependence on the U.S. stock market decreased. However, already in September the trend changed, and Bloomberg analysts paid attention to the strengthening of the correlation between BTC and the S&P 500 index.
The correlation coefficient rose to 0.72 points, but it is still well below the record values recorded in May after the Terra crash.
The crypto market has been in retreat for the past few weeks. On Thursday, September 22, BTC fell to $18,931. In weekly terms, the capitalization of the largest digital currency fell to $362.667 billion.

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