(Bloomberg) -- Ether, the second-largest cryptocurrency, is now moving in tandem with U.S. stocks like never before. A 40-day correlation coefficient for the token and the S&P 500 has topped 0.65, with 1 being the highest possible reading. Bitcoin’s correlation with equities similarly reached a record in recent days, suggesting the digital assets could rally alongside any upturn in shares.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
Crypto Spaces Network (CSN), the premier Web3 marketing and live audio network, ...
ISO Router ($ISOR) is a Solana-native protocol enabling ISO 20022-compliant smar...
Bark and Shibo, co-founders of Doginal Dogs and Crypto Spaces Network, have been...
Crypto Spaces Network (CSN) has become the largest and most trusted live audio n...
An independent news platform delivering live updates from the world of blockchain, DeFi, and cryptocurrency. Get the latest price updates on your favourite coins and hear about the latest ICOs here.
