NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions

Bitcoin And NASDAQ Show Tight Correlation: What Does This Mean For BTC?

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
Bitcoin and NASDAQ Show Tight Correlation:

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years.

According to Ecoinmetrics, a platform known for providing insights into the cryptocurrency market, Bitcoin is up more than 30% year-to-date. In comparison, NASDAQ gained around 20% over the same period.

Related Reading

Bitcoin’s MVRV Ratio Nears Critical Death Cross

Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift?

1 year ago

Bitcoin And NASDAQ: The Tightening Gap

Ecoinmetrics shared a chart in its recent post on X illustrating the narrowing gap and showing how the year-to-date returns for Bitcoin and the NASDAQ have started to converge.

Bitcoin vs NASDAG chart shared by Ecoinmetrics on X
Bitcoin vs NASDAG chart shared by Ecoinmetrics on X

Earlier in the year, BTC saw a significant return spike, particularly following the launch of several Bitcoin ETFs in the US, which boosted BTC prices. However, as the year progressed, Bitcoin’s performance lost steam, allowing NASDAQ to catch up.

This closing gap between Bitcoin and the NASDAQ suggests that Bitcoin is becoming more correlated with traditional financial markets. This shift could have implications for its role as an alternative asset.

The gap between Bitcoin and the NASDAQ is closing.

Year-to-date Bitcoin is up about 34% while the NASDAQ has gained 20%.

It’s been a quiet year for Bitcoin so far. Besides the ETF launch boosting prices early on there have been no major drivers pushing Bitcoin forward. pic.twitter.com/LCGf8iuG6d

— ecoinometrics (@ecoinometrics) August 22, 2024

What Does This Mean For BTC?

According to Ecoinmetrics, “We’re now heading into a period of potential volatility.” This potential volatility could be largely tied to macroeconomic developments, particularly in the United States.

Historically, Bitcoin has shown sensitivity to changes in US monetary policy, especially regarding interest rates. Lower interest rates tend to encourage investment in riskier assets as the returns on traditional savings and bonds decrease, making BTC an attractive alternative for investors seeking higher returns.

However, the flip side of this scenario is the looming risk of a recession, which could dampen investor enthusiasm and lead to a more cautious market environment.

Ecoinmetrics’ analysis suggests that while Bitcoin has held its ground so far, its performance in the coming months will be heavily influenced by the broader economic trend.

The Federal Reserve’s potential rate cuts could provide the liquidity boost needed to drive Bitcoin higher, but if economic conditions deteriorate, BTC may struggle to maintain its current trajectory.

Related Reading

Bitcoin

Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near?

1 year ago

Meanwhile, BTC is currently up 1.4%, with a trading price of $60,575 at the time of writing. It is worth noting that before this current price, the asset had seen a notable spike to trade at nearly $62,000 earlier today.

Bitcoin (BTC) price chart on TradingView
BTC price is moving sideways on the 2-hour chart. Source: BTC/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin news

Bitcoin Supercycle? Jeff Park Says Gold’s $1 Trillion Gains Could Spark It

In a wide-ranging interview with Anthony Pompliano published on October 2, Jeff Park, partner and Chief Investing Officer at ProCap...

Jake Simmons 9 hours ago
Robinhood

Robinhood CEO Issues Bold Prediction: ‘Everything Will Be Tokenized’

Robinhood is expanding its presence in Europe with trials of tokenized stocks, even as its chief executive talks up the...

Christian Encila 8 hours ago
Ethereum price

Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000

The Ethereum price has once again crossed the $4,500 threshold, trading just 9% below its all-time high of $4,946, prompting...

Ronaldo Marquez 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now

Scott Matherson 1 hour ago
Bitcoin

$231K Bitcoin? Citibank Issues Bold Short-Term Crypto Prediction

Christian Encila 5 hours ago
Spaanse bank lanceert 24/7 Bitcoin trading - pumpt de BTC koers door crypto adoptie?

Spaanse bank lanceert 24/7 Bitcoin trading – pumpt de BTC koers door crypto adoptie?

Lars Diederiksen 7 hours ago

Premium Sponsors

Press Releases

  • イーサリアム...

    5 hours ago
  • ビットコイン...

    5 hours ago
  • シバコイン...

    5 hours ago
  • 支持線割れの危機、投資家は代替案へ

    パイネットワーク...

    5 hours ago
  • ドージコイン 今後の価格展望:市場反発で0.25ドル突破

    ドージコイン...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.