Bitcoin and Crypto Outlook Shifts As BTC Shows ‘Perfect Negative Correlation’ With S&P 500: SFOX

The Daily Hodl Wed, 12 Jun 2019

Summary The SFOX Multi-Factor Market Index has moved to uncertain in the beginning of June 2019. In May, BTC had a nearly perfect negative correlation with the S&P 500, highlighting public interest in BTC as a hedge against global markets. While the SEC delayed two major ETF decisions in May, the market didn’t seem to […] The post Bitcoin and Crypto Outlook Shifts As BTC Shows ‘Perfect Negative Correlation’ With S&P 500: SFOX appeared first on The Daily Hodl.