I see there is a strong correlation between SPY and Bitcoin prices. BTC has a higher beta, however. Whenever SPY tanks, BTC tanks twiiiiiice as hard, (as it was the first time, I said good byeeee)
In March, BTC dropped from $10k to $5k. I am calling for another BitCoin wipeout when the market crashes.
At first, I am also thinking this, that there are correlation with some stocks like SPY with Bitcoin.
When coronavirus started to spread all over the world last March, yes a huge dump in stock market and Bitcoin too.
But what is the different with Bitcoin last time was, the bounce back of Bitcoin is fast compare to some stocks.