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??HUGE CORRELATION BETWEEN BITCOIN AND SP500!!!! (what now?)Bitcoin's correlation to the S&P has dropped to zero today as the bitcoin price gains momentum and stock prices dip. day Pearson correlation to Bitcoin for SP and gold. In , Bitcoin has seen a high correlation to stocks. Nasdaq surged nearly 10%, outperforming the S&P 's % gain by a big margin. The day correlation coefficient between bitcoin and the NDX.