Fast Take

• Because the market digests all of the uncertainty from the banking fallout, equities such because the S&P 500 stay flat for March.
• In current weeks, in mild of the SVB collapse, Bitcoin had uncorrelated itself from the normal markets.
• Bitcoin was up 24%, different property remained comparatively flat, and gold was additionally a winner.
• However in current days, the correlation to property has spiked again as much as nearly February ranges.
• Bitcoin has a unfavorable relationship with the greenback, which might be bearish if the greenback was to begin going greater within the face of a liquidity or credit score disaster as traders rush to {dollars}.
• Correlation is a subject CryptoSlate might be analyzing on a day-to-day foundation amid market uncertainty.

Correlation YTD

• SPX: 0.74
• Nasdaq: 0.92
• Gold: 0.95
• TLT: 0.50
• DXY -0.81

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