Bitcoin rose 1.67 per cent over a single 24-hour period to reach US$82,829.06, according to the source material. The move closely tracked a broad financial recovery, as risk assets worldwide bounced back from recent weakness.
The source states that the digital asset landscape is deeply intertwined with traditional equities rather than operating in isolation, and that the digital sector mirrors this trajectory. It cites a 95% correlation between Bitcoin and the S&P 500.
The source frames this correlation as a concern for long term believers.