Bitcoin, Stocks Rise and Fall Together Once Again

The prices of Bitcoin and other cryptocurrencies are once again closely aligned with stock prices, as both types of assets respond to economic and political developments.

TradingView chart shows the correlation between bitcoin and equity prices rising over the past week. (TradingView)
There is a clear correlation between bitcoin and equity prices, with the latter rising sharply over the past week. This is good news for bitcoin investors, as it suggests that the digital currency is gaining mainstream acceptance. With more and more people and businesses investing in bitcoin, the price is likely to continue to rise.