Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Macro Factors Drive Bitcoin S&P 500 Correlation to 23-Month Highs

Macro Factors Drive Bitcoin S&P 500 Correlation to 23-Month Highs

Bitget2024/09/10 21:31
BTC+1.55%

Bitcoin's correlation with the S&P 500 has risen to 0.67, a nearly two-year high, due to macroeconomic factors. Recently, Bitcoin price fell 10% due to weak US jobs data, before partially recovering to close down 3% on a weekly basis. The upcoming U.S. CPI data, as well as the Federal Open Market Committee meeting on 18 September, are expected to further influence the crypto market

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

U.S. stocks extend gains, Nasdaq rises 1.47%
金色财经2025/10/20 17:09

Trending news

More
1
U.S. stock market extends gains, Dow Jones up 1%, Nasdaq up 1.47%
2
U.S. stocks extend gains, Nasdaq rises 1.47%

Crypto prices

More
Bitcoin
Bitcoin
BTC
$110,350.83
+1.07%
Ethereum
Ethereum
ETH
$3,949.96
-1.10%
Tether USDt
Tether USDt
USDT
$1
+0.00%
BNB
BNB
BNB
$1,095.59
-2.44%
XRP
XRP
XRP
$2.46
+2.50%
Solana
Solana
SOL
$187.66
-1.35%
USDC
USDC
USDC
$0.9999
+0.00%
TRON
TRON
TRX
$0.3213
+0.68%
Dogecoin
Dogecoin
DOGE
$0.1982
+0.65%
Cardano
Cardano
ADA
$0.6602
+0.29%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter