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Santiment: If Bitcoin and altcoins break away from the influence of the S&P 500 index and grow in January, there is a high probability of reaching new historical highs

Santiment: If Bitcoin and altcoins break away from the influence of the S&P 500 index and grow in January, there is a high probability of reaching new historical highs

Bitget2025/01/07 09:38
BTC+0.62%

Santiment tweeted that since Trump was elected as the 47th President of the United States, there has been a high correlation between cryptocurrency and the stock market. However, we are now beginning to see Bitcoin outperforming the S&P 500 index (compared to their normal volatility range). Over the past three years, most communities have viewed cryptocurrency as a type of "high-leverage tech stock". However, early signs in 2025 suggest that Bitcoin may break away from its usual linkage with global stock markets. Historically, when the correlation between crypto markets and stock markets is low or even irrelevant, it usually heralds significant bull markets. If Bitcoin and other altcoins can continue to grow independently of the S&P 500 index this January, it would be a strong signal indicating a high likelihood of reaching new historical highs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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