Reported about 9 hours ago
Since the SEC legalized bitcoin spot ETFs over a year ago, both bitcoin and the stock market have shown increased synchronization, with notable trends following the recent election. While the S&P 500 rose nearly 25% in 2024 and bitcoin surged around 130%, the two markets have been closely linked, moving together as investors shift their risk appetite. Recent developments, including anticipated favorable policies towards crypto under the new administration, suggest that bitcoin's role has evolved into that of a risk asset, correlating significantly with stock market movements.
Source: YAHOO