{"id":56580,"date":"2022-01-25T17:35:15","date_gmt":"2022-01-25T15:35:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56580"},"modified":"2025-09-04T07:12:03","modified_gmt":"2025-09-04T04:12:03","slug":"bitcoins-correlation-with-tech-stocks-reaches-a-record-high","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoins-correlation-with-tech-stocks-reaches-a-record-high\/","title":{"rendered":"Bitcoin\u2019s correlation with tech stocks reaches a record high"},"content":{"rendered":"

The correlation between Bitcoin and US tech-sector stocks has hit a record high. Analysts cited Bloomberg<\/a>.<\/p>\n

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The corresponding coefficient, averaged over the last 40 days, stood at 0.66.<\/p>\n

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\\\"\u041a\u043e\u0440\u0440\u0435\u043b\u044f\u0446\u0438\u044f
Data: Bloomberg.<\/figcaption><\/figure>\n<\/div>\n

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A similar trend is also evident in the relationship between Bitcoin and the S&P 500 index. According to Reuters<\/a>, since September the correlation (60-day moving average) between them has risen from 0.1 to 0.41. They noted that in 2017-2019 the coefficient stood at 0.01, according to IMF economists’ calculations<\/a>.<\/p>\n

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\\\"\u041a\u043e\u0440\u0440\u0435\u043b\u044f\u0446\u0438\u044f
Data: Reuters.<\/figcaption><\/figure>\n

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\u201cBitcoin is not functioning as a hedge against inflation. It is a risk indicator,\u201d<\/em> said DailyFX strategist Nicolas Kouli.<\/p>\n<\/blockquote>\n

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Coin Metrics analysts explained<\/a> the decline in cryptocurrency prices by expectations<\/a> of a faster pace of Federal Reserve tightening. This distinguishes the current bear market from the events of 2018, when traditional markets did not experience downward dynamics, they noted.<\/p>\n

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According to specialists, from January 1 to 24 the Nasdaq Composite fell 12.5%, Bitcoin by 21%, Ethereum by 34%. Among those in the Coin Metrics sample, ATOM rose 10%, while declines in other crypto assets reached 49%.<\/p>\n

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\\\"\u041a\u043e\u0440\u0440\u0435\u043b\u044f\u0446\u0438\u044f
Data: Coin Metrics.<\/figcaption><\/figure>\n<\/div>\n

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In January, the IMF warned<\/a> of contagion risks to stock and Bitcoin markets.<\/p>\n

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Earlier, MSCI stated<\/a> that cryptocurrencies were increasingly influencing the dynamics of portfolios of securities.<\/p>\n

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Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s correlation with US tech-sector stocks has reached a record high, according to analysts at Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":56581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,1211],"class_list":["post-56580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56580"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56580\/revisions"}],"predecessor-version":[{"id":56582,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56580\/revisions\/56582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56581"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}