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Bitcoin shows increased correlation with S&P ahead of Fed announcements

  • Bitcoin is trading at a critical level. All eyes seem to be on the U.S. Fed as the correlation with the S&P is at its highest since 2020 2020s “Black Thursday”.
  • Bitcoin price fundamentals show similarities to the 2016 rally and support continued price appreciation.

March has been a historically bearish month for the crypto market, and the performance of the
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