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.

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This trend highlights the increasing importance of diversification in portfolios, as traditional assets become more intertwined with cryptocurrencies. Investors should consider allocating a portion of their assets to Bitcoin to hedge against market volatility.