Bitcoin’s correlation with gold sinks to two-year low, a warning for investors

Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a risk-on asset This may change in the future, but for now, Bitcoin resides on the long-end of the risk spectrum  With full effects of tight monetary policy still to come, market should not get ahead of […]

Bitcoin correlation with gold drops, highlighting risk-on nature remains

Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […]

Bitcoin’s correlation with Nasdaq 100 shrinks to 3-year low

Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over the past year. Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock. […]

Bitcoin correlation with stocks at 5-year low as regulatory crackdown takes toll

Key Takeaways Our Head of Research, Dan Ashmore, digs into Bitcoin’s relationship with stocks Correlation between Bitcoin and the Nasdaq is at its lowest point since 2018 The Nasdaq is up 10% in the last month as stocks have surged off softer forecasts around interest rates and the macro climate Bitcoin is down 9% in […]

Here’s why the Nasdaq 100 and Bitcoin correlation has faded

Bitcoin price has crashed by about $6,000 from its highest point this year. Nasdaq has moved into a strong bull market because of AI. The Federal Reserve will conclude its two-day meeting on Wednesday. Nasdaq 100 and Bitcoin prices have moved in the opposite direction in the past few weeks. The tech-heavy Nasdaq 100 index […]

Bitcoin correlation with stocks rises again, normal service resumed

Key Takeaways Bitcoin had deviated slightly from stocks over the last couple of weeks  Correlation has bounced back since Tech-heavy Nasdaq continues to trade in lockstep with Bitcoin as investors in both asset classes look to shifting expectations around interest rates  It’s been an odd few weeks in the market. The banking wobbles over the […]