Optimism Fades After a Rocky April for Cryptocurrency - Santiment Biweekly Report

After Bitcoin's March price performance (+4.3%) saw a continued encouraging rise from February (+14.5%) after a disastrous December (-16.7%) and January (-18.8%), things were looking up for an encouraging April... for at least a couple of days.

BTC topped out around $46k on April 4th before freefalling back down to $38k in recent days. These chopping price conditions can and will always cause a level of frustration with crypto traders, who had been used to unreal returns for the vast majority of the past two years following Black Thursday (March 12, 2020). So the question is... why has all of crypto's bullish price momentum come to a halt? We'll explore here in our latest biweekly report.

Continued S&P 500 Correlation

There continues to be an undeniable correlative relationship between cryptocurrencies and equities. And the dual fluctuations between Bitcoin and the

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