Tight correlation for months.
Komen:
Should also point out that, while this correlation has been valid since the latest bitcoin rally, it may not sustain if/when BTC prices take a massive shift in pricing. Like gold futures, BTC is a strong leading indicator for the market but you have to watch for strong divergences to know if the correlation will continue.
Komen:
Looks like the mirror is broken.
Possible money is flowing from BTC into equities (in particular, meme stocks which are well loved by a lot of the bitcoin crowd).
Possible money is flowing from BTC into equities (in particular, meme stocks which are well loved by a lot of the bitcoin crowd).