Market Cap: $2,216,877,095,521
24h Vol: $71,497,010,015
Cryptocurrencies: 29444
Markets: 111559
Cryptocurrencies: 29444
Markets: 111559
Market Cap: $2,216,877,095,521     
24h Vol: $71,497,010,015
Seeking Alpha 2021-02-12 16:04:55

Bitcoin's Correlation To Markets Hits A Record In 2020

Bitcoin's Correlation To Markets Hits A Record In 2020
Historically, bitcoin's correlation to traditional asset classes has been very low.Lately, its correlation has been rising. In fact, 2020 is the highest year on record for bitcoin’s correlation to traditional asset classes.This rise in correlation may be a result of its increasing adoption, as evidenced by record volumes traded, the rise in OTC-traded bitcoin funds and an increasing number of payment networks enabling bitcoin and digital asset buying and selling on their networks.
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