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Benzinga
Benzinga
Business
Samyuktha Sriram

Bitcoin's Correlation With S&P 500 At 17-Month High: Experts Raise Questions Over 'Hedge Against Inflation' Narrative

Data from Arcane Research has revealed that Bitcoin’s (CRYPTO: BTC) correlation with equities has hit a high last seen in October 2020.

What Happened: According to a report seen by Decrypt on Wednesday, Bitcoin’s 90-day correlation with the S&P reached 0.49 on March 18.

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