Bitcoin Stalled With Stocks: Correlations Are Holding It Back
Bitcoin Correlations Report, June 2025
If you think Bitcoin behaves like an exotic asset that moves independently of the broader market, think again.
Correlation data shows that Bitcoin acts like a risk-on asset. Its price action is often driven by the same macro forces that move growth-oriented U.S. stock indices.
Understanding Bitcoin through that lens, rather than as a standalone anomaly, helps you focus on the big picture and filter out the noise.
Let’s take a look at the situation this month.
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Bitcoin Stalled With Stocks: Correlations Are Holding It Back
The Takeaway
Bitcoin continues to behave like a risk-on asset, with both its daily returns and long-term price trends closely tracking the NASDAQ 100.
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