Kraken Report: Bitcoin Getting Increasingly Correlated with S&P 500

Kraken Report: Bitcoin Getting Increasingly Correlated with S&P 500

Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its correlation with the S&P 500 from 0.13 to 0.52. Bitcoin Increasingly Correlating with SP 500 and Gold  According to Kraken’s June 2020 Bitcoin Volatility Report,

Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\

755
Like
Save