Growing correlation between Bitcoin and stocks debunks harbors narrative – Mint

Growing correlation between Bitcoin and stocks debunks harbors narrative – Mint

Stocks were rocked on Friday following news that President Donald Trump tested positive for the coronavirus. But in a move contrary to the oft-touted narrative that the dominant cryptocurrency acts as a safe haven, Bitcoin has also pulled out. This is because the correlation between Bitcoin and the benchmark S&P 500 stock index remains positive, […]

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