Is Bitcoin Price Correlated to the Stock Market?

From decrypt.co

When investors dumped stocks this week in response to rising U.S. inflation, the price of Bitcoin tumbled too. This is notable since many Bitcoin boosters frame it as an asset that defies the movement of traditional markets — bursting upwards for much of its existence despite the ebbs and flows of the stock market. It's too soon to say whether this week's sell-off undercuts the thesis that Bitcoin is a hedge against inflation. It is after all just one data point, and veteran market watchers caution against drawing conclusions from single-day events. That said, people are right to ask if Bitcoin's distinct ... (full story)