Santiment tweeted that the correlation between cryptocurrencies and the stock market has been high since Trump was elected the 47th US president. However, now we are starting to see bitcoin outperforming the S & P 500 (compared to their normal range of volatility). For the past three years, most of the community has regarded cryptocurrencies as a "highly leveraged technology stock". However, signs in early 2025 suggest that bitcoin may be moving away from its regular linkage with global stock markets.
Historically, crypto markets have typically seen their most significant bull runs when their correlation with the stock market is low or even irrelevant. If Bitcoin and other counterfeit products can continue to grow without relying on the S & P 500 in January this year, it will be a strong signal that new all-time highs are highly likely.
Santiment: If Bitcoin and counterfeit products leave the S & P 500 index and grow in January, there is a high probability of hitting a record high
2025-01-07 09:02:28
Santiment tweeted since Trump Pudang elected 47 president of the United Statesdesk3cryptocurrencydesktopCrypto News
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