Bitcoin: NASDAQ's High-Beta Amplifier in Today's Market

Bitcoin Correlations Report, March 2025

Bitcoin is not an uncorrelated asset. More often than not it aligns with risk-on assets, has a strong connection to the NASDAQ 100. But of course correlation strength varies depending on the market context. Right now though this link is pretty intense.

Let's dig into this.

---

Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions.

Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics.

Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy.

Join over 30,000 professional investors and fund managers:

Ready? Let's dig into the data.

---

Bitcoin: NASDAQ's High-Beta Amplifier in Today's Market

The Takeaway

Bitcoin is currently operating as a leveraged NASDAQ 100 play. Its correlation with tech stocks is strengthening in today's macro-driven environment, its Beta exceeds 1 meaning it amplifies stock market movements, and this relationship shows no signs of decoupling in the near term. Portfolio managers must adapt to this reality.

NASDAQ Correlation: Strengthening in the Macro Regime