It looks like Bitcoin has decoupled from S&P500 and other markets, but how does it compare to commodities like oil? Are the oil prices also decoupling from markets? Do little bounces and patterns in oil also affect Bitcoin? This chart highlights a few instances of moments like that, without speculating this relationship.
Bitcoin <> Dow/S&P500 correlation is back to zero for today, it is not yet inversely correlated or confirmed to be uncorrelated either. That would depend on its behavior in the next few months and at different sets of market conditions.
Bitcoin vs S&P 500 vs Saudi Tadawul All Share Index (TASI)
Comparison of Bitcoin vs Dow Jones Industrial Average vs Tadawul All Share Index (TASI)