Interesting thread!  I had wondered/worried about the BTC/Stock market correlation myself. IMHO the financial markets had a majorcrash in response to the worldwide COVID crisis and unfortunately BTC followed along for the ride. I was hoping that BTC would have stayed the course or even increased in value as money flowed out of the stock market seeking alternative investments that are less impacted by world economy crashing. However, that was not the case. Following the crash both BTC and the stock market recovered as panic was replaced by hope/optimism and the stock market has recovered considerably.  If you compare stock market since March to today it is hard to argue that there is some consistency in movements. However, 'correlation is not always causation' and as pointed out earlier by ETFbitcoin it could just be coincidence. This is also a very short time period. I personally believe the stock market has not fully priced in the long term impact of the COVID crisis and I expect to see another drop sometime this fall.  I am hoping, this time, that BTC does not follow suit.  Time will tell I guess...

Here is yet another Forbes article in May on this topic suggesting the stock market/BTC are trending in tandem since March timeframe: Bitcoin And Stocks’ Correlation Reveal A Secret. I do not buy in on the authors suggestion that BTC is a leading indicator for stocks, but he makes some other points worth considering.