Data shows that Bitcoin and Ethereum correlate little to traditional markets, implying that cryptocurrency is forging its destiny.
Data shows the Bitcoin correlation to Nasdaq has plunged recently, suggesting that the cryptocurrency is moving more independently now.
Data shows the Bitcoin correlation with the US dollar index and stock market indexes like S&P 500 and Nasdaq 100 have dropped low recently.
The Bitcoin safe haven narrative may be back as data shows the cryptocurrency’s correlation with Gold has surged in recent months.
Data shows that Bitcoin’s correlation with Nasdaq has fallen to the lowest since December 2021 as BTC continues its strong momentum.
A report suggests that Bitcoin’s correlation with other risk assets could be relevant going forward into the next year.
