:📈 Bitcoin's Market Evolution: Negative Correlation with Stocks, Strengthening Digital Gold Narrative 🪙
The price of Bitcoin (BTC) has now held firmly above $100,000 for over a month, signaling strong market confidence and maturity in the asset class. What’s particularly notable is a sharp divergence from the US stock market, with the correlation coefficient dropping to -0.29. This negative correlation suggests that Bitcoin is beginning to behave more like an alternative asset, rather than tracking risk-on equities.
Meanwhile, physical gold has reached a new all-time high, and Bitcoin’s corre
The price of Bitcoin (BTC) has now held firmly above $100,000 for over a month, signaling strong market confidence and maturity in the asset class. What’s particularly notable is a sharp divergence from the US stock market, with the correlation coefficient dropping to -0.29. This negative correlation suggests that Bitcoin is beginning to behave more like an alternative asset, rather than tracking risk-on equities.
Meanwhile, physical gold has reached a new all-time high, and Bitcoin’s corre