Bitcoin relationship to S&P 500 has returned to March levels of correlation after a period of essentially zero correlation throughout May. As measured by the Pearson correlation between hourly returns of SPX500USD (S&P 500 futures) and BTC/USD on Coinbase, the current correlation stands at 0.31— a figure that is low but statistically significant. During May, […]The post Bitcoin’s correlation to equities returns after fading in May appeared first on The Block.