Bitcoin is in full decorrelation with the stock markets if in the past year, the correlation has been very strong between the price of Bitcoin and that of the Nasdaq and the S&P 500, it is a whole different story since the beginning of April. Indeed, the performances have moved away from each other, with a bitcoin on the one hand that has finally given up to investors. Conversely, for traditional markets, difficulties are still felt with uncertainty which prevents a significant increase. Consequently, the correlation is at the lowest compared to the last months, with contrary directions between the BTC and the stock market indices. While the largest crypto in the world is in full bullish momentum, with a 10 % gain over the last 7 days, the Nasdaq and the S&P 500 do not exceed 1 % increase. Thus, the correlation index between BTC & Nasdaq and BTC & S & P 500 is decreasing. Bitcoin’s Decouplicing Cycle “Bitcoin’s Correlation with the S & P 500 Reached 0.88 in late 2024, While it now has dropped to 0.77. The Correlation with Nasda Composite has been reduced from January’s 0.91 to the Current 0.83.” – by @Oinonen_t pic.twitter.com/mzsmdmd9ig— Cryptoquant.com (@cryptoquant_com) April 24, 2025 Source: X. In the first case, the coefficient went from 0.91 to 0.83. In the second case, the correlation coefficient is also falling, since it fell from 0.88 to 0.77. A new status for the BTC according to cryptocurrency, several factors explain the revival of Bitcoin momentum, such as the fall of the dollar, which has strengthened in recent days. However, in the past, a low dollar has generally been synonymous with strong BTC. But still, it would seem that the most difficult is behind us concerning the uncertainty linked to the prices of Donald Trump. Better yet for the BTC, the latter seems to have resisted the price question in recent days, unlike the stock market which has continued to suffer. Without even reaching a new ATH, the BTC, for example, has temporarily exceeded Google Market Cap and got closer to that of Microsoft, Nvidia and Apple. If at first cryptocurrencies suffered from macroeconomic uncertainty, they seem to have gotten up with a bitcoin that activated the Digital Or mode. Indeed, since if the decorrelation with the stock markets has been strengthened, at least over the last 7 days, the correlation with gold has shown in. As cryptocurrency remarks, it went from a negative coefficient of 0.62 to a coefficient, which is still still negative but of “only” 0.31. Morality of history: it is always better to copy those who are going well than those who are going badly. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
Bitcoin finally in digital gold mode?
