The post Bitcoin (BTC USD) Decoupling From Nasdaq: Key Implications for Price appeared on BitcoinEthereumNews.com.

Bitcoin (BTC USD) has often traded in tandem with the US stock market indices, the Nasdaq Composite and S&P 500. However, onchain data analytics provider CryptoQuant has revealed a negative correlation between Bitcoin and Nasdaq. The price of Bitcoin has increased by over 10% over the past week, whereas the Nasdaq plummeted drastically, within the same period. Insight on the Chart Decoupling CryptoQuant shared a screenshot of the BTC and S&P 500 Index correlation in an X post. The chart shows that the historical correlation between BTC USD and the stock market has broken. The stock market and BTC are now moving in quite the opposite direction. CryptoQuant analyst oinonen_t noted that the Bitcoin correlation with Nasdaq, which stood at 0.91 in January, has reduced to 0.83. Image Source: CryptoQuant on X Likewise, the correlation with the S&P 500 has dropped to 0.77 from 0.88 in late 2024. Bitcoin’s price has remained relatively stable since US President Donald Trump declared a pause on global tariffs. The flagship coin is up 10.3% in the past week. The weekly spike comes as Bitcoin continued recouping its losses from ‘Liberation Day,’ rising 3.3% to $90,750. Meanwhile, traditional assets shuddered. The Nasdaq and S&P 500 indexes have declined by 4.6% and 5.2%, respectively, in the past month. Bitcoin’s decoupling from traditional “risk-on” assets marks the beginning of a significant shift. It indicates Bitcoin’s unique value proposition as a scarce, decentralized, and globally accessible asset is increasingly resonating with investors. As more investors adopt Bitcoin amid ongoing geopolitical tensions, BTC’s price is expected to hit a new all-time high. BTC USD Correlation to Nasdaq Turns Positive Mike McGlone, a Senior Community Strategist at Bloomberg Intelligence, has drawn attention to Bitcoin’s 100-day correlation to the Nasdaq. He noted that the correlation has turned favorable to 0.52.…

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Filed under: News - @ April 25, 2025 9:25 pm