Bitcoin and stock market correlation

bitcoin and stock market correlation

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CoinDesk operates as an independent subsidiary, and an editorial committee,cookiesand do of The Wall Street Journal, information has been updated. Learn more about Consensuslast year, as the digital asset market nosedived from cirrelation portfolio.

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Bitcoin ?? Stock Market ?? Correlation
A day correlation coefficient for Bitcoin and MSCI Inc.'s gauge of world stocks now sits at minus , the most negative since the onset of. Therefore, the stock market and cryptocurrency are more correlated during periods of high uncertainty. The day rolling correlation between bitcoin and Nasdaq, S&P is now at the lowest level observed since July , according to data.
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Cryptocurrency's price correlation with equity could be a coincidence or indicate that cryptocurrency prices are indeed following trends in equity prices. These influences also affect the price of equities; it appears that they also affect Bitcoin and other cryptocurrencies. Investopedia requires writers to use primary sources to support their work.