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<ul class="news-points"> 
 <li>Bitcoin and S&amp;P 500 lost their correlation following the ETF launches.&nbsp;</li> 
 <li>While the S&amp;P 500 continues to climb higher, Bitcoin has seen a steep decline in its price.&nbsp;</li> 
 <li>Arthur Hayes said BTC’s performance indicates there might be hiccups ahead.</li> 
</ul> 
As Bitcoin lingers in the bearish zone, BitMEX co-founder, Arthur Hayes pointed out that the flagship cryptocurrency asset has lost its correlation with the S&amp;P Index — an index that tracks the price of the largest stocks in the US market.&nbsp;&nbsp; 
In a recent <a href="https://twitter.com/CryptoHayes/status/1749285492720549922" target="_blank" rel="nofollow">tweet</a> on social media platform X (formerly Twitter), Hayes noted these changes started following the launch of spot <a href="https://coinedition.com/tag/bitcoin-etf/">Bitcoin exchange-traded funds (ETF)</a> in the United States. The highly anticipated ETF launches came on January 11, after the US Securities and Exchange Commission (SEC) approved all pending applications.&nbsp; 
According to Hayes, the divergence in BTC and S&amp;P price movements indicates different future expectations. While referencing a snapshot showing the price movements, Hayes said, “BTC is telling us that there are hiccups ahead for $.” 
However, the founder said certain metrics expected …
The post <a href="https://coinedition.com/bitcoin-loses-correlation-with-sp-following-etf-launches/">Bitcoin Loses Correlation With S&amp;P; Arthur Hayes Hints at Hiccups Ahead</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Loses Correlation With S&P; Arthur Hayes Hints at Hiccups Ahead

Coin Edition

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