The correlation between Bitcoin (BTC) and US stock markets has dropped to near zero, falling to its lowest levels since July 2021.
crypto research firm Block Scholes In a recent report, bitcoin and US stock markets Nasdaq (NDX) with S&P 500 (SPX) index between correlation from July 2021 since to the lowest levels He stated that he had withdrawn correctly.
In the report, Bitcoin-S&P 500 90-day correlation between as 0.08 while detecting Bitcoin-Nasdaq correlation of is 0.02 revealed. Block Scholes analyst Andrew Melville He made the following statements on the subject:
The correlation is currently at its lowest level since July 2021. At that time, Bitcoin made a double peak in April and November.
Melville, Bitcoin and indices are what the US government has maintained over the past year. from tightening policies. losses caused by to make up for He stated that the correlation decreased because it worked.
described as a traditional risk asset. stocks And bitcoin correlation between your loss, macroeconomic taking into account the developments investment decision crypto investors can negatively affect specified.
US stock markets in the past opening And closing prices bitcoin for quite important was happening. The correlation is increasing approaching zero with Bitcoin more than the monetary policies of the USA. separate somehow rise or drop seems likely to survive.
