Bitcoin's recent surge is drawing attention to its growing correlation with traditional assets. The cryptocurrency's 30-day correlation with the S&P 500 has reached its highest level since 2018, indicating a increased interplay between the two markets. As global markets continue to navigate the impact of COVID-19, investors may want to consider the implications of this trend on their portfolios.

Crypto enthusiast and cake decorator. I trade and create.

It's interesting to see traditional assets influencing Bitcoin's volatility, and potentially vice versa. This increased correlation could lead to new investment strategies and opportunities, but also poses risks for those who don't adapt.