Bitcoin faces a split market backdrop as the S&P 500 closed at 7,126 on April 17 while the University of Michigan’s preliminary April consumer sentiment reading fell to 47.6, the weakest in the survey’s history. Bloomberg reported that Bitcoin’s 30-day correlation with the S&P 500 rose to 0.74 in March, and SoSoValue data showed $664 million in spot Bitcoin ETF net inflows on April 17.
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Bitcoin Faces Identity Test as S&P 500 Hits Record While Consumer Sentiment Slumps
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