Holpop News

Bank of America questioned bitcoin as a hedge against inflation.
The bank says bitcoin is currently trading as a risky asset as the cryptocurrency increasingly correlates with the stock market.
On January 31, the correlation between bitcoin and the S&P 500 Index reached an all-time high. In turn, bitcoin’s correlation with the Nasdaq 100 was also close to all-time highs.
Analysts noted that the synchronized behavior of stocks and bitcoin could continue.
Experts stressed that the correlation of bitcoin and gold, on the other hand, became negative.