Category: News

Tethered to Tradition: Bitcoin’s Sharp Drop Reveals Deepening Ties to S&P 500 and Gold

By admin Bitcoin plunged 10.71% to $64,481.08 over the past 24 hours, spearheading a sweeping market sell-off rooted in a synchronized macroeconomic downturn. The move underscored Bitcoin’s deepening integration with traditional financial markets, exhibiting a striking 91.6% correlation with the S&P 500 and a 79.4% correlation with gold—evidence that liquidity and interest rate expectations are […]