Data: Correlation between Bitcoin and S & P 500 Index Hits New High in 3 Months

According to AMBCrypto, Skew data shows that since the stock selloff earlier this week, the correlation between Bitcoin and the S & P 500 has shown an upward trend, reaching a three-month high. As of February 29, the correlation between the two in one month was + 28%. The last time the correlation was over 25% was at the end of January, when cryptocurrencies and stocks were rising.