The correlation between BTC and the S&P 500 reached a new all-time high – what’s the good and the bad, according to CryptoQuant’s CEO?
between Russia and Ukraine. As the world’s largest country by landmass continues to threaten the borders of Ukraine and most Western countries led by the US and Germany willing to impose sanctions, the financial markets suffer even more. Bitcoin, on the other hand, is trying to establish itself as a safe haven asset but its latest price movements suggest that it’s still more of a riskier one. The cryptocurrency is down by about 15% since January 1st this year.
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