Bitcoin Stuck Below $10K as Stocks Drop
With the Fed dashing hopes of a V-shaped recovery, it's uncertain whether bitcoin will become a store of value or begin to track stocks.
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
Bitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has gotten stronger. That may not be bad news.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Bitcoin is often likened to digital gold, but some analysts say the more compelling correlation is with the stock market.
With the global economy in deep water amid the coronavirus crisis, some cryptocurrency analysts are starting to wonder if a correction in U.S. stocks might prompt another "Black Thursday" crash.