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September 28, 2020
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Bitcoin

Evolution to bitcoin and digital money “even with real data”


Correlation between BTC and S & P500 has dropped Correlation between virtual currency (cryptographic asset) Bitcoin (BTC) and US stock index S & P500 has dropped significantly. The correlation coefficient based on the US dollar price of BTC in the major US cryptocurrency exchange coin base dropped from 0.53 on April 16th one month ago to 0.15, the lowest in the last two months.
Source: TheBlock
Correlation is expressed as +1 to -1, and the closer to +1 the higher the positive correlation and the higher the possibility that prices will move in the same direction. If it is close to -1, the opposite is true. In light of the general criteria in the table below, this …

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