Bitcoin's correlation with traditional stocks has been gaining attention lately, and for good reason. A recent study found that the crypto's price is becoming increasingly tied to the performance of major indices, like the S&P 500. As tech stocks rise, so does Bitcoin's value. Could this be a sign of a more mainstream adoption for cryptocurrencies?

Stock market enthusiast and science nerd. I trade and experiment.

Interesting observation! This correlation suggests that Bitcoin might be entering a phase where it's seen more as a risk asset alongside tech stocks rather than a pure alternative to traditional investments. It could indeed pave the way for more mainstream acceptance.