BTC
/ SP500 Correlation #Bitcoin and the SPX mostly correlate (move similarly). It is clearly visible that most of the histogram is green except for some cases which I circled in gray areas.
📝What do we have now? Although they are now maintaining a positive correlation, the latest movement of the stock market is even stronger than that of Bitcoin.
💡The stock market is growing due to optimism about increased liquidity and, of course, the AI narrative, which has had a strong impact on MSFT and NVDA, strongly driving the technology sector SP500.
So far, most analysts agree that 2024 will be positive for the stock market.