Is BTC starting to move away from stock market and S&P 500 dependence?
On Thursday, the U.S. stock market once again went into the red zone. Popular Nasdaq and S&P 500 dropped more than 2%, but BTC to the surprise of many did not follow their example
It's no secret that BTC has been going after the U.S. fund for a long time. And everyone expected BTC to collapse by 2-5%, to the level of 17,500, but it didn't happen.
The weakening of correlation between BTC and stock markets is a positive signal for crypto, as capitals stay in crypto and are not going out of it, which leads to price retention and possible growth.
