Bitcoin’s Stock Market Correlation Just Hit Zero for the First Time Since May

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Bitcoin is now caught within an intense uptrend that has sent its price rocketing up to fresh yearly highs, with bulls currently testing these highs as they target further upside This strength has come about due to the confluence of multiple positive news developments and has allowed BTC to far outperform the stock market One bullish result of this recent rally has been Bitcoin’s correlation with the stock market diving to zero This correlation previously plagued its price action and stopped it from seeing significant upside One analytics firm is now noting that this is an incredibly bullish development Bitcoin and the entire crypto market have been seeing some immense bullishness throughout the past few days and weeks, with sellers both being unable to gain any strong traction as BTC continues pushing higher. Each rejection has only created slight selloffs that have been heavily absorbed by bulls. This is a…

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