[Glassnode: Bitcoin's Correlation with the S&P 500 Reaches 0.8, Highest Level Since 2020] Glassnode reports that the correlation between Bitcoin and the stock market is rarely this strong. Over the past 30 US stock trading days, the correlation between Bitcoin and the S&P 500 reached 0.8. Since 2020, this correlation has been far below this level for the vast majority of the time. While the market occasionally discusses Bitcoin's relative strength, macroeconomic factors currently continue to determine the overall trend.