Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Ripple urges SEC to stick to statutes and leave new crypto rules to Congress

    March 22, 2025

    U.S. crypto industry lobbying efforts hit record high in 2023

    December 5, 2023

    Stocks edge higher ahead of big earnings week

    April 28, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

      July 10, 2025

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025
    • Technology

      Coinbase partners with Perplexity to unlock real-time crypto data for traders

      July 10, 2025

      Comment on Bitcoin Surges to $110K as Selling Pressure Declines; Is BTC Charting its Way to a New ATH Soon? by Bitcoin Price Prediction: BTC to Hit $145.1K by Year-End and More

      July 9, 2025

      CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

      July 8, 2025

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025
    • Learn/Guide

      Coinbase, Perplexity AI join forces to enhance crypto data access for traders

      July 10, 2025

      Top perps DEX GMX hacked for over $40m, $GMX token plunges

      July 9, 2025

      Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

      July 8, 2025

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin decouples from risky assets: Good news for LTHs?
    News

    Bitcoin decouples from risky assets: Good news for LTHs?

    August 6, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin decouples from risky assets: Good news for LTHs?
    Share
    Facebook Twitter LinkedIn Pinterest Email



    • Bitcoin’s 30-day correlation coefficient with TradFi bellwethers continued to be negative.
    • Bitcoin’s volatility relative to gold has been declining steadily over the past few years.

    Sentiment around crypto markets and traditional finance diverged dramatically over the last few months. Notably, developments in one sphere failed to impact the other.


    How much are 1,10,100 BTCs worth today?


    The world’s largest cryptocurrency, Bitcoin [BTC], showed increasing decoupling from popular stock indices like S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq 100, as per on-chain analytics firm IntoTheBlock.

    Bitcoin’s 30-day correlation coefficient with these TradFi bellwethers continued to be negative.

    #Bitcoin continues to demonstrate a negative correlation with traditional financial markets. Among major indices, the Dow Jones Industrial Average (DJI) shows the most significant negative correlation, registering at -0.8. For detailed insights visit: https://t.co/Wx8RxQwatF pic.twitter.com/Ze8x1yqmte

    — IntoTheBlock (@intotheblock) August 4, 2023

    On analyzing the recent price trajectories of the entities in question, it was evident that the digital assets and real-world assets were moving on separate wavelengths.

    Bitcoin and equities diverge

    The king coined has been sluggish lately, with the price at the time of publication being 0.76% lower than three months ago. The asset was stuck in a narrow trading range between $29,000-$31,000 after its last meaningful rally in June.

    Meanwhile, equities have marched higher. Big Tech has pumped 15% in the same time period, while the S&P 500 and the Dow have risen by 8.26% and 4.13%, respectively.

    Source: IntoTheBlock

    The development holds significance. Notably, for a long time, both Bitcoin and equities were part of the risky asset category.

    Ryan Grace, Head of Digital Assets at tastycrypto, attributed Bitcoin’s negative correlation to crypto-specific events like regulatory headwinds. He pointed out that the absence of any immediate catalyst was pulling traditional investors away from Bitcoin and crypto.

    Grace added that the excitement and popularity around AI has also contributed to an increased interest in tech stocks vis à vis crypto markets.


    Is your portfolio green? Check out the BTC Profit Calculator


    Bitcoin as an inflation hedge

    In a nutshell, trends like these are generally cheered by proponents of Bitcoin’s safe haven narrative. If the asset stops reacting wildly to every real-world trigger, it could be used as a refuge in times of financial risk, akin to gold.

    Prominent on-chain analyst Will Clemente took to Twitter to reveal how Bitcoin’s volatility relative to gold has been declining steadily over the past few years. At the time of writing, “Digital Gold’s” volatility was hovering around multi-year lows.

    Source: Glassnode





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025
    Top Posts

    Buying and Selling NFTs for Beginners: Easy Guide for 2023

    September 28, 2023

    German And US Governments Are Selling Bitcoin While El Salvador Holds

    June 28, 2024

    Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy

    May 25, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.