The world has gone quiet on cryptocurrency lately as the bulk of attention centers on the potential economic impacts of the trade tariffs rolled out by President Trump. However, just like the stock market, the cryptocurrency asset class has become both correlated and forward-looking, with the outlook standing for the world today, something investors can see in the near lockstep price action between Bitcoin and the S&P 500 index.
Recently, in its latest run higher from the tariff scare dips, Bitcoin and the S&P 500 have attempted to reach back to their all-time high prices, if not try to get to brand new highs this time. With this in mind, investors can look for opportunities awaiting new capital in the lateral plays of the cryptocurrency world, as investing in Bitcoin itself can often prove too volatile a ride.
