Bitcoin Outperforms Nasdaq Sp 500 Amid Correlation Dip

Last updated: June 10, 2025, 18:07

Bitcoin Outperforms Nasdaq Sp 500 Amid Correlation Dip

Standard Chartered

Figure 3 plots the rolling 50-day correlation between bitcoin’s price movements and the S&P 500 Index in 2025. The average level was roughly around 0.1, with high levels breaching 0.4

Standard Chartered's Geoffrey Kendrick has recommended buying the dip in bitcoin as the cryptocurrency faces pressure from its growing correlation with the Nasdaq.

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