03:43
Bloomberg ETF Analyst: Bitcoin is not a leading indicator for the stock market
Golden Finance reports that Bloomberg senior ETF analyst Eric Balchunas has released research findings indicating that Bitcoin is not a leading indicator for the stock market. The data shows that in the months following a fall in Bitcoin, the stock market still exhibits positive performance 62% of the time. Balchunas also noted that the S&P 500 index ($SPY) performs strongly, maintaining stability even in the months when both Bitcoin and stocks are falling.
BTC0.09%

