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Bitcoin’s Correlation to Markets Hits a Record in 2020
Historically, bitcoin’s correlation to traditional asset classes has been very low. Lately, its correlation has been rising. In fact, 2020 is the highest year on record for bitcoin’s correlation to traditional asset classes. This rise in correlation may be a result of its increasing adoption, as evidenced by record volumes traded, the rise in OTC-traded bitcoin funds and an increasing number of payment networks enabling bitcoin and digital asset buying and selling on their networks. Throughout most of its history, bitcoin has maintained a low correlation to traditional asset classes, including broad market ... (full story)
