Why Hasn’t Bitcoin Followed Stocks Rallying On Positive Vaccine Data?
What’s the reason behind Bitcoin lagging on positive news that sent the stock market back to retest recent highs? Over the last several months into 2020, the correlation between Bitcoin and the stock market has never been higher.
The correlation between the two assets has only damaged Bitcoin thus far, letting the stock market take it down with each major crash. With the virus out of the way and the stock market correlation gone, the cryptocurrency may finally be free to rally once again.