PANews November 18 news, according to CoinDesk reports, data shows that in 2024, Bitcoin's correlation with the Nasdaq index is only 52%, and the 30-day correlation has dropped to 0.46, one of the lowest levels in the past five years. According to Fidelity data, the correlation between Bitcoin and the S&P 500 index is only 19%, performing the best in terms of Sharpe ratio among major asset classes.
Since Trump won the U.S. election on November 6, Bitcoin has broken through $93,000 to set a new high, while the Nasdaq index has fallen 4% from its historical peak. According to Glassnode data, Bitcoin's 30-day implied volatility has decreased from 100% in 2021 to currently about 60%. As the seventh largest asset globally, Bitcoin is gradually decoupling from traditional risk assets, demonstrating independent market performance.
