{"id":74760,"date":"2023-02-28T13:31:35","date_gmt":"2023-02-28T11:31:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74760"},"modified":"2025-09-09T22:06:40","modified_gmt":"2025-09-09T19:06:40","slug":"bernstein-analysts-flag-decline-in-cryptocurrencies-correlation-with-the-us-stock-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bernstein-analysts-flag-decline-in-cryptocurrencies-correlation-with-the-us-stock-market\/","title":{"rendered":"Bernstein analysts flag decline in cryptocurrencies\u2019 correlation with the US stock market"},"content":{"rendered":"<p>The correlation between cryptocurrencies and US equities and macroeconomic events is weakening amid bitcoin&#8217;s current flat price action. <a href=\\\"https:\/\/www.theblock.co\/post\/215364\/cryptos-correlation-with-macro-events-us-equity-markets-is-weakening-bernstein-says\\\">The Block<\/a> reports, citing Bernstein researchers.<\/p>\n<p>According to them, the market is balancing between bulls and bears, &#8220;awaiting further catalysts,&#8221; and its sensitivity to events in the traditional financial world &#8220;is no longer the same as before.&#8221;<\/p>\n<p>The correlation of bitcoin with the Nasdaq Composite index in early February fell from 0.94 to 0.58.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Corr-1.webp\\\" alt=\\\"Corr-1\\\" class=\\\"wp-image-199206\\\"\/><figcaption>Data: <a href=\\\"https:\/\/www.theblock.co\/data\/crypto-markets\/prices\/btc-pearson-correlation-30d\\\">The Block Crypto Data<\/a>.<\/figcaption><\/figure>\n<p>Analysts also noted that regulatory obstacles are a bearish factor for the market, as is modest institutional adoption of cryptocurrencies. On the other hand, the weakening of correlation with equities is a bullish signal.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;A significant portion of stablecoin issuance (>50%) and global trading of digital currencies remains outside the United States,&#8221; the researchers added.<\/p>\n<\/blockquote>\n<p>Earlier, American regulators <a href=\"https:\/\/u1f987.com\/en\/news\/fed-warns-banks-of-liquidity-risks-tied-to-crypto-firms\">issued<\/a> a joint statement about potential risks arising from crypto-asset-linked companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The correlation of cryptocurrencies with US equities and macroeconomic events is weakening amid bitcoin&#8217;s current flat price action.<\/p>\n","protected":false},"author":1,"featured_media":74761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1145,1211],"class_list":["post-74760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74760"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74760\/revisions"}],"predecessor-version":[{"id":74762,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74760\/revisions\/74762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74761"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}