Odaily Planet Daily reports: Bloomberg ETF analyst Eric Balchunas posted on X that over the past six months, Bitcoin’s correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging market equities, and even U.S. Treasuries. Eric Balchunas said he verified this after seeing related posts, noting that Bitcoin’s correlation has remained around 0.40, while correlations for gold and U.S. Treasuries have risen. He added that although this time window is short, the trend is noteworthy and does not support the claim that “Bitcoin is only correlated with QQQ.”
Bitcoin has shown lower correlation with U.S. stocks, small-cap stocks, and U.S. bonds over the past six months than gold.
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Summary
Bitcoin news shows the digital asset has a lower six-month correlation with U.S. stocks than gold, small-cap stocks, emerging market equities, and even U.S. bonds. Bloomberg ETF analyst Eric Balchunas noted that Bitcoin’s correlation with U.S. stocks is around 0.40, while gold and bonds have seen strengthening ties. The Fear & Greed Index may reflect shifting market dynamics, as Bitcoin’s link to QQQ is being challenged.
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