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Bitcoin increasingly mirrors U.S. stocks as long-term correlation strengthens

An analysis says Bitcoin has increasingly moved in the same direction as U.S. stocks. CryptoQuant analyst Darkfost said a long-term correlation gauge between Bitcoin and the S&P 500 has crossed above zero for the first time since 2015. The gauge is based on a 90-day moving average of return correlations, standardised as a Z-score and accumulated since 2015. While long-term co-movement continues, its pace has recently slowed.