Category: Cryptocurrency
Bitcoin's correlation with the S&P 500 has seemingly ended as Bitcoin rallies while the S&P 500 declines. Factors such as U.S. government considerations on chip exports to China and Trump's remarks on Bitcoin's potential as a strategic reserve have contributed to this shift. Investors may start viewing Bitcoin as a new safe-haven asset, while Ethereum's future status remains uncertain despite potential ETF inflows.
Keywords: Bitcoin, S&P 500, cryptocurrency market
Update At: 7/22/2024