2024-12-25T13:55:37+0800

With the S&P 500 breaking through 5,000 points last week to close at a new all-time high, a wave of positive sentiment has washed over equity markets. That positive vibe appears to have impacted cryptocurrency markets, with the price of Bitcoin soaring to more than $51,000, putting its market cap above $1 trillion for the first time since 2021. What’s the historical correlation between equities and Bitcoin, and is the relationship set to get stronger? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ TikTok: https://www.tiktok.com/@bloombergbusiness Connect with Bloomberg Television on: Twitter: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/