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Bitcoin's Correlation with US Tech Stocks Hits New High in 2022
2025-11-17 11:05
BlockBeats News, November 17th, according to The Kobeissi Letter, the 30-day correlation between Bitcoin and the Nasdaq 100 Index has reached about 0.80, the highest level since 2022. This is also the second-highest reading in nearly 10 years.
Reportedly, over the past 5 years, the correlation between the two has always remained positive, with brief fluctuations occurring in 2023. Therefore, the 5-year correlation between Bitcoin and the Nasdaq index has reached 0.54. In comparison, Bitcoin's correlation with cash and gold is close to zero. Bitcoin's performance is increasingly resembling that of a leveraged tech stock.
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2025-11-17 09:26
2025-11-17 11:30
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2025-11-17
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