Bitcoin (BTC)-Nasdaq-100 Correlation Rose to 0.63 in 30-Day Sample
Photo: TokenPost
Bitcoin’s daily log return correlation with the Nasdaq-100 rose to 0.63 in a 30-date sample ending Oct. 26, indicating closer co-movement with U.S. stocks but not a shared cause. The calculation uses daily log returns across 30 matched U.S. market dates ending Oct. 26. A separate 30-date sample ending July 9 produced a 0.36 correlation. The later reading points to closer alignment in the two daily return series, but the short windows do not establish what caused the change.
Source: TokenPost
