Correlation between Bitcoin and S & P 500 Index hits annual high in March

Yesterday, The Block released a report that in the current financial crisis, so far, Bitcoin's performance has been inferior to the S & P 500 Index and the price of gold. During the crisis, the correlation between Bitcoin and the S & P 500 Index reached an annual high in March. So far, in a bear market, Bitcoin has been relatively related to and underperforming other safe-haven assets. The coming months are crucial to prove Bitcoin's core value proposition.