Market Cap: $2,920,900,621,580
24h Vol: $136,389,484,781
Cryptocurrencies: 30084
Markets: 114810
Cryptocurrencies: 30084
Markets: 114810
Market Cap: $2,920,900,621,580     
24h Vol: $136,389,484,781
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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