{"id":9565,"date":"2024-01-09T19:23:49","date_gmt":"2024-01-09T17:23:49","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-diverges-from-nasdaq-amid-etf-anticipation\/"},"modified":"2024-01-09T19:23:49","modified_gmt":"2024-01-09T17:23:49","slug":"bitcoin-diverges-from-nasdaq-amid-etf-anticipation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-diverges-from-nasdaq-amid-etf-anticipation\/","title":{"rendered":"Bitcoin Diverges from Nasdaq Amid ETF Anticipation"},"content":{"rendered":"<p>The 40-day correlation between Bitcoin and the Nasdaq 100 index has dropped to zero, according to calculations by <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/01\/09\/bitcoin-decouples-from-nasdaq-amid-etf-speculation\/\">CoinDesk<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Over the past four years, this price relationship has been positive, ranging from moderate (0.15) to strong (0.8).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-580.webp\" alt=\"image1-580\" class=\"wp-image-223524\"\/><figcaption class=\"wp-element-caption\">Data: CoinDesk.<\/figcaption><\/figure>\n<p>The indicator reached its peak during the bear market of 2022.<\/p>\n<p>The publication attributed the divergence to the market&#8217;s focus on the potential launch of a spot Bitcoin ETF in the United States. The consensus forecast suggests that the <span data-descr=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u044f \u043f\u043e \u0446\u0435\u043d\u043d\u044b\u043c \u0431\u0443\u043c\u0430\u0433\u0430\u043c \u0438 \u0431\u0438\u0440\u0436\u0430\u043c \u0421\u0428\u0410\" class=\"old_tooltip\">SEC<\/span> will approve the product on January 10.<\/p>\n<p>The nullification of the correlation may also indicate the potential for using the leading cryptocurrency as a means of diversifying an investment portfolio, CoinDesk noted.<\/p>\n<p>Experts from Fairlead Strategies interviewed by the publication expressed optimism about the continued &#8220;independence&#8221; of Bitcoin in the near future.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>&#8220;We believe the price relationship will remain low in the coming months, given the possible approval of a spot Bitcoin ETF and the halving in April. Additionally, risk assets typically show lower correlation in bull markets compared to bear markets,&#8221;<\/em> the experts explained.<\/cite><\/p><\/blockquote>\n<p>Earlier, experts from K33 Research explained the advantages of spot Bitcoin ETFs for ordinary investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 40-day correlation between Bitcoin and the Nasdaq 100 index has dropped to zero, according to calculations by CoinDesk.<\/p>\n","protected":false},"author":1,"featured_media":9564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1169,768],"class_list":["post-9565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-correlation","tag-nasdaq"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9565","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=9565"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/9564"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=9565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=9565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=9565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}