Bitcoin at US$82,829: Why a 95% correlation with the S&P 500 should worry long term believers

The digital asset landscape intertwines deeply with traditional equities rather than operating in isolation. The leading cryptocurrency recently climbed 1.67 per cent to reach US$82,829.06 over a single 24-hour period. This upward progression closely tracks a broad financial recovery. Risk assets worldwide are bouncing back from recent weakness. The digital sector mirrors this exact trajectory [] The post Bitcoin at US$82,829: Why a 95% correlation with the SP 500 should worry long term believers appeared first on e27 .