Bitcon's correlation to Gold and S&P

Bitcon's correlation to Gold and S&P

Amit Sinha Amit Sinha

Amit Sinha

Bridging Digital & Traditional Markets | Risk & Trading & Technology

发布日期: 2023年3月25日
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Bitcoin's correlation to Gold and Equity is moving in different directions. While correlation to gold is increasing, that to Equity market (SPX) is decreasing. This movement is less common (shown in green) than the one where BTC/Gold decreases and BTC/SPX increases (shown in yellow).

As of April 2023

Bitcoin's correlation to Gold and Equity is moving in different directions. While correlation to gold is increasing, that to Equity market (SPX) is decreasing. This movement is less common (shown in green) than the one where BTC/Gold decreases and BTC/SPX increases (shown in yellow).

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For Ethereum both directions are much more common.

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May 2022 stands out as a period when the move in correlations was the most pronounced

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