Comparing Bitcoin’s Downturn with the S&P 500 Movement

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The Bitcoin price has been decreasing rapidly since Feb 14. The downturn has not been solely observable in the price of BTC, as all of the major stock indices have posted similar losses. Bitcoin (BTC) Price Highlights Bitcoin and the S&P 500 have been positively correlated since at least 2018. The correlation is more pronounced in downward moves. The BTC price has been
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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