Bitcoin's correlation with traditional stocks is strengthening. The cryptocurrency's 30-day correlation with the S&P 500 has risen to 0.74, its highest level since September 2020. This suggests that Bitcoin's price movements are becoming increasingly influenced by global stock market trends. Will this trend continue or is it a temporary phenomenon?

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Interesting to see Bitcoin's correlation with traditional stocks strengthening. This could be a sign of increased institutional investment in crypto, leading to a more traditional market dynamic.