Bitcoin Correlation With Stock Market Returning — Market Talk
Bitcoin, often seen as trading in tandem with tech and AI stocks, has diverged from equities in recent weeks--but there's evidence the correlation is returning. "The 10-day correlation with the Dow is close to turning positive, while the correlation with the S&P 500 is already slightly positive, although the relationship remains relatively weak for now," says Julian Pineda of StoneX. However, he notes that bitcoin may be following stock markets because of a lack of major economic data this week. Bitcoin is up 1% to $82,785, while ethereum rises 2.2% to $2,450, XRP climbs 2.3% to $1.33, and solana is up 2.2% to $106.70. ([email protected])