Historically, the cryptocurrency market, led by Bitcoin
BTC
$111 395
24h volatility:
2.4%
Market cap:
$2.22 T
Vol. 24h:
$53.60 B
, has registered a significant correlation to the US stock market, most of the time moving upward when stocks go up and downward when stocks go down. This correlation is now being challenged on September 2, with the United States back from Labor Day holidays.
In particular, the S&P 500 started the day with a 1.48% drop at 6,364 points, while BTC was registering 1.58% gains at $110,987 per coin, according to data from Google Finance.
S&P 500 chart (left) and Bitcoin price chart (right) on September 2 | Source: Google Finance
Moreover, not only is Bitcoin decoupling from the US stoc
We współpracy z: https://www.coinspeaker.com/decoupling-crypto-goes-up-while-us-stock-market-goes-down/
