NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin and the S&P 500 are Moving in Lockstep, and It’s Bad for BTC

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has been forming a striking correlation to the S&P 500 and the rest of the stock market throughout the past few months.

This correlation has only grown in recent weeks, and today’s slide in the equities market has led the benchmark cryptocurrency down to a crucial support level

Analysts are now pointing to this correlation as being a guiding light for BTC’s mid-term outlook.

This may not bode well for the crypto, as one billionaire investor is now warning investors against jumping into the stock market.

He notes that the stock market is a forward indicator that may not accurately reflect the state of the economy for another year.

This means that there could be some severe turbulence ahead, and this could cause Bitcoin to delay its next uptrend further.

Bitcoin’s Correlation to the S&P 500 Remains Strong

Ever since the mid-March meltdown seen by both Bitcoin and the traditional markets, the cryptocurrency has been closely tracking the price action seen by the S&P 500 and other benchmark indices.

This has given rise to the crypto’s lack of directionality seen throughout the past few months, as investors in the traditional markets are largely awaiting more data regarding the economic impacts of the pandemic.

Today, however, some slight turbulence within the market has also caused Bitcoin’s price to slide.

At the time of writing, Bitcoin is trading down over 1% at its current price of $9,100. This is slightly below its crucial support at $9,200 that bulls had been defending throughout the past week.

It is possible that this correlation will continue providing Bitcoin with a headwind that hampers its growth.

While looking towards the below data from the analytics platform Skew, the realized one-month correlation between Bitcoin and the S&P 500 just hit a yearly high.

Bitcoin S&P 500

As seen in the above chart, this correlation now sits at 56.8%.

Why This Correlation May Not Bode Well for BTC in the Near-Term

Billionaire investor David Rubenstein explained in a recent interview with Yahoo Finance that jumping into the stock market now with anticipations of being profitable is a “fool’s errand.”

“It’s a fool’s errand to go into the market now thinking that it’s a bottom and you’re going to go up from here… I think there’s going to be a lot of ups and downs.”

He also added that the stock market is a forward indicator that is attempting to price in the future state of the economy,

That being said, this means that 2021 could be a rough year for the markets – including Bitcoin, should its correlation persist.

“The stock market is a forward indicator. It’s indicating maybe a year from now that some of these numbers will be justified. But right now, I do think that there is going to be a lot of gyrations between now and a year from now.”

Featured image from Shutterstock.
Pricing data from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

With no more minting, $FUN can skyrocket 500% on fixed supply announcement

On June 19, 2025, FUNToken officially froze its supply forever, locking the smart contract to ensure no future minting, no...

News BTC 5 hours ago
XRP

XRP’s 30% Jump To $2.8: Analyst Says This ‘Classic Confirmation’ Must Happen First

Crypto analyst CasiTrades has predicted that the XRP price could record a 30% rally to $2.8. She further revealed what...

Scott Matherson 5 hours ago

BTC Bull重金押注突破800萬 距離FOMO引爆日只剩72小時

在美國獨立日煙火綻放之際,BTC Bull Token (BTCBULL)已率先點燃行情,預售融資突破800萬美元大關,距離週一正式上所僅剩72小時倒計時! 現在已經沒有時間猶豫或觀望了。當 BTCB...

estherw 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitunix bonus krypto giełda promocja USDT

Бонусная программа Bitunix: как зарабатывать на криптовалютах с максимумом прибыли в 2025?

lisachaikina 1 hour ago
Bitcoin

Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline

Scott Matherson 2 hours ago
Ethereum Forms Rising Wedge Pattern – $2,200 Support Back In Focus?

Ethereum Forms Rising Wedge Pattern – $2,200 Support Back In Focus?

Sebastian Villafuerte 4 hours ago

Premium Sponsors

Press Releases

  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    9 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    9 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    9 hours ago
  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    10 hours ago
  • ミームコイン急騰中|Solana発の人気銘柄続々高騰、新たな注目トークンも登場か?

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.