What is the correlation between SPX and Bitcoin price?

Nokwanda KhuluseDec 17, 2021 · 3 years ago1 answers

Can you explain the relationship between the S&P 500 Index (SPX) and the price of Bitcoin? How do they affect each other?

What is the correlation between SPX and Bitcoin price?

1 answers

Dec 17, 2021 · 3 years ago
At BYDFi, we understand the interest in the correlation between the S&P 500 Index (SPX) and Bitcoin price. While we cannot provide specific investment advice, it is worth noting that the correlation between the two can change over time. It is important for investors to diversify their portfolios and consider multiple factors when making investment decisions. Conducting thorough research, staying informed about market trends, and consulting with financial professionals can help investors navigate the relationship between the SPX and Bitcoin price.

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