Bitcoin Correlation with Traditional Markets Fluctuates, Decouples from Nasdaq and S&P 500 at Multi-Month Lows

Kyledoops@kyledoops

2 years ago

Bitcoin's link with the Nasdaq Composite and S&P 500 has hit multi-month lows, with 30-day Pearson correlations at -0.84 and -0.82. A Bloomberg report has highlighted a 90-day correlation of just 0.21 with the Nasdaq 100. As equity indices soar, Bitcoin's price stays steady. https://t.co/WrqYJh5jnZ

Crypto Town Hall@Crypto_TownHall

2 years ago

BITCOIN'S DECOUPLING FROM NASDAQ AND S&P 500: WHAT'S NEXT? Bitcoin's correlation with the Nasdaq Composite and S&P 500 has fallen to -0.84 and -0.82 respectively, marking lows not seen since November 2023. This decoupling, noted by Bloomberg, began in early June when bitcoin's… https://t.co/Zuzsp6yv59

Mario Nawfal’s Roundtable@RoundtableSpace

2 years ago

BITCOIN AND STOCKS: A BREAKUP STORY Bitcoin's correlation with the Nasdaq Composite and S&P 500 has hit a multi-month low, dropping to -0.84 and -0.82 respectively. The decoupling, first noted in November 2023, aligns with a Bloomberg report showing the 90-day correlation… https://t.co/e41XZvBF3W