Bitcoin’s correlation with the S&P 500 has dropped to zero, signaling its independent market movement.
Over half of Americans now prefer Bitcoin over stocks and gold, with Gen Z investing as early as age 22.
Bitcoin has once again demonstrated startling movements. Its correlation with the S&P 500 index has broken this time; the correlation figure comes out to be zero. This shift suggests that the largest digital asset globally is now acting independently, deviating from the trend of traditional stocks. This last happened on November 5, 2024, right before Bitcoin surged past $100,000.
Bitcoin’s correlation with the S&P 500 has dropped to zero, indicating no current linkage between the two.
The last time we saw such a low correlation was on November 5th, 2024, just before Bitcoin soared past the 100k mark. pic.twitter.com/18lgW1zOql
— IntoTheBlock (@intotheblock) February 17, 2025
Shifting Sentiments: Investors Rethink Traditional Assets
According to the WSJ repo
