Investors navigate Bitcoin's narrative shift as stocks and crypto correlation hits 2021 low, while experts weigh in on SVB collapse, final trades, S&P 500 rally, and under-the-radar solar company's potential rise.
Originally Published 2 years ago — by CNBC
The correlation between Bitcoin and stocks has reached its lowest point since 2021, as investors struggle to come to terms with the cryptocurrency's changing narrative. While Bitcoin was once seen as a hedge against inflation and a safe haven asset, it is now being viewed as a speculative investment. This shift in perception has led to a decoupling of Bitcoin from traditional markets, with the cryptocurrency's price movements becoming increasingly independent of stock market trends.