{"id":81245,"date":"2023-07-05T11:12:58","date_gmt":"2023-07-05T08:12:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81245"},"modified":"2025-09-11T21:42:12","modified_gmt":"2025-09-11T18:42:12","slug":"experts-say-bitcoin-has-lost-correlation-with-the-us-stock-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/experts-say-bitcoin-has-lost-correlation-with-the-us-stock-market\/","title":{"rendered":"Experts say Bitcoin has lost correlation with the US stock market"},"content":{"rendered":"<p>The 90-day moving average of Bitcoin&#8217;s correlation with traditional U.S. stock market indices\u2014the S&#038;P 500 and Nasdaq\u2014has fallen to nearly zero. Analysts from Block Scholes told CoinDesk.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"573\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/corr-3-1024x573.png\\\" alt=\\\"corr-3\\\" class=\\\"wp-image-210833\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/corr-3-1024x573.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/corr-3-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/corr-3-768x430.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/corr-3.png 1330w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">The correlation between cryptocurrencies and traditional U.S. stock indices. Data: CoinDesk.<\/figcaption><\/figure>\n<p>Analysts say the decline reflects both assets having priced in losses from last year\u2019s bear market.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;The correlation is currently at its lowest level since July 2021, when Bitcoin sat between two peaks in April and November,&#8221; said Andrew Melville, an analyst at Block Scholes.<\/p>\n<\/blockquote>\n<p>Such a development means crypto traders who rely solely on traditional market sentiment and macroeconomic events may see their forecasts diverge.<\/p>\n<p>Recent filings by <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">BlackRock<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-seeks-to-register-a-spot-bitcoin-etf\">Valkyrie<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-investments-files-for-spot-bitcoin-etf\">Fidelity Investments<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/wisdomtree-and-invesco-file-applications-to-launch-bitcoin-etfs\">WisdomTree and Invesco<\/a> for spot Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> have injected optimism into the crypto market, <a href=\\\"https:\/\/twitter.com\/isolot\/status\/1674825319486980097\\\">\u043e\u0442\u043c\u0435\u0447\u0430\u0435\u0442<\/a> Ilan Solot, head of the digital assets division at Marex Solutions.<\/p>\n<p>According to him, the development of crypto-based exchange-traded funds can be broken into three parts: preparation for creating the instrument, capital inflows after launch, and subsequently the adoption of cryptocurrency as a new form of money.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;The flow of investment products in the coming months could be the litmus test for digital assets,&#8221; added Solot.<\/p>\n<\/blockquote>\n<p>In May, Kaiko <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-flag-weakening-of-the-bitcoin-ethereum-correlation\">noted a weakening<\/a> in the correlation between Bitcoin and Ethereum\u2014the 30-day moving average of the correlation fell to 0.78.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 90-day moving average of Bitcoin&#8217;s correlation with traditional U.S. stock indices\u2014the S&#038;P 500 and Nasdaq\u2014has fallen to nearly zero.<\/p>\n","protected":false},"author":1,"featured_media":81246,"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":[18,1211],"class_list":["post-81245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81245","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=81245"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81245\/revisions"}],"predecessor-version":[{"id":81247,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81245\/revisions\/81247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81246"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}