In 2024, Bitcoin's price movements closely followed those of the S&P 500 Index, indicating a correlation driven by institutional investor behavior. The correlation coefficient between Bitcoin and the S&P 500 hovered around 0.5, indicating a alignment with traditional asset market trends. Bitcoin's price ranged from $30,000 to nearly $70,000 throughout the year before experiencing significant fluctuations. This correlation suggests that Bitcoin is being viewed more as a traditional asset class and is increasingly integrated into broader financial systems. The alignment between Bitcoin and the S&P 500 reflects the growing influence of buyers treating Bitcoin as a conventional asset, rather than a speculative one. The correlation provides valuable insights for investors navigating cryptocurrency markets in 2025 and highlights Bitcoin's role as both a hedge and a conventional asset within global portfolios.



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