Rising Risk Appetite Boosts Bitcoin Correlation

Bitcoin and US Equities Correlation Increases
In recent findings by crypto exchange Bitfinex, a notable increase in risk appetite for digital assets like Bitcoin (BTC) is observed. The report highlights BTC's strengthening correlation with US equities, a trend indicating a return of risk-on sentiment in the cryptocurrency market. Simply put, when US stocks do well, Bitcoin tends to follow suit, meaning investors are ready to take more risks, much like people betting on stocks and hoping they’ll go up.