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BITCOIN AND S\u0026P 500 CORRELATION EXPLAINEDWith Bitcoin, its value is far more speculative. Although both the S&P and Bitcoin are valued by the market (by means of demand and supply), there are no. The chart below shows Bitcoin's (BTC) price compared to the S&P (SPX) and the Nasdaq Composite (ICIX) from November to November Bitcoin peaked at $69, on Nov. 11, , or 55 days before the S&P topped out at 4, on Jan. 4. The index's early top came 42 days.
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