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Bitcoin Price Shows Tightening Correlation with the S&P 500 Index

Bitcoin Price Shows Tightening Correlation with the S&P 500 Index



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  1. tldr; Bitcoin closed Q1 of 2022 down 2.5% against the S&P 500, which is the closest BTC and the Index have even been to becoming perfectly correlated. The BTC price failed to cement the $48k support on Thursday, leading to a major correction towards the $45.5k level. BTC has gained nearly 9% over the past month, outpacing US stocks.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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