Bitcoin’s Correlation With Stocks Surges as Volatility Returns

Bitcoin is once again moving closely in step with US stocks, at just about the worst time for crypto diehards.

As equities come under renewed pressure following days of volatility tied to the conflict in Iran, digital assets are retreating alongside them. The 30-day correlation coefficient for Bitcoin and the S&P 500 has climbed to 0.74, the highest level this year, underscoring how the token is again becoming an extension of broader risk sentiment.