Bloomberg data reveals Bitcoin’s correlation with the Nasdaq 100 has reached 0.80, the highest since 2022, underscoring its increasing alignment with tech-heavy equity movements.
Bloomberg reported Bitcoin’s 30-day correlation with the Nasdaq 100 has climbed to 0.80, marking its highest level since 2022 and the second highest in a decade. This is well above the five-year average correlation of 0.54. Correlations with cash and gold remain near zero, highlighting Bitcoin’s growing tendency to trade like a leveraged tech stock. Analysts note this trend reflects tighter linkage with technology equity markets despite its historical positioning as an alternative asset.