The relationship between Bitcoin and the S&P 500 has broken down all the time.

According to data from Coin Metrics, the relationship between the two assets reached 0.367 on July 9, which is above -0.06 on January 1. The relationship between Bitcoin and US The stock index hit a new high for the third day in a row.Previously, the peak date was July 5, which only lasted one day.

Although the correlation coefficient of 0.367 is not easy, it should be noted that the increase in the correlation coefficient will not stop for a short time.The higher the correlation coefficient is 1.0, the closer the second is to the difference.

For example, a moon matching of a bit of coins and structure and structure has reached the highest point on Wednesday. This is due to the uncertainty and needed businesses are still having sexual desire, this short time. The examiners hope this continues continuous and still strong.

Although in the case of the new downtrend, Bitcoin's performance relative to the March low continues to support demand for Bitcoin to buy and trade. As the law expands, more investors are looking for anti-inflation tools, such as Bitcoin and gold. As a result, the share price also rose.

Bitcoin has historically shown little to do with traditional assets. However, a better relationship could emerge as a source of crypto growth, according to Kevin Kelly, real estate analyst at Bloomberg and co-founder of cryptocurrency research firm Delphi Digital.