S&P 500 Pumps as Bitcoin Stagnates; Here’s Why That’s Bad for BTC

It has been an incredibly turbulent past couple of weeks for the global markets, with the US stock market seeing intense losses while Bitcoin (BTC) and the aggregated crypto market continue facing some intense downwards pressure.
Although BTC has been closely correlated to the traditional markets over the past few days, it is important to keep in mind that this correlation appears to have broken today, as the major US stock market indices have bounced today while Bitcoin remains stuck below $9,0