{"id":9569,"date":"2024-01-09T12:03:33","date_gmt":"2024-01-09T12:03:33","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9569"},"modified":"2024-01-09T12:03:33","modified_gmt":"2024-01-09T12:03:33","slug":"bitcoin-and-nasdaq-correlation-broken","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-and-nasdaq-correlation-broken\/","title":{"rendered":"Bitcoin and NASDAQ Correlation Broken!"},"content":{"rendered":"<p>The correlation between Bitcoin and NASDAQ, which has been akin to a synchronized dance over the years, has recently been disrupted. An analysis revealed that the 40-day correlation between Bitcoin and NASDAQ has dropped to zero. This indicates that the close connection between the two financial giants has weakened, and they are now taking different steps.<\/p>\n<p>Analysts attribute this divergence to the possibility of a spot Bitcoin ETF emerging in the United States. The Securities and Exchange Commission (SEC) evaluating around a dozen applications by January 10 has heightened expectations. This potential entry point has captivated cryptocurrency investors and severed the tight link with NASDAQ fluctuations.<\/p>\n<p>The significance of this change is undeniable. If Bitcoin truly breaks free from the influence of NASDAQ, it gains a critical power: diversifying the portfolio. In simpler terms, Bitcoin&#8217;s fate could differentiate from the stock market, providing investors with valuable protection against the volatility of traditional markets.<\/p>\n<p>You may notice:<em><strong>\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/latest-situation-in-bitcoin-and-cryptocurrencies-january-9\/\">Latest Situation in Bitcoin and Cryptocurrencies! \u2013 January 9<\/a><\/strong><\/em><\/p>\n<p>However, this newfound independence may not be a perpetual solo performance. Research firm Fairlead Strategies, which conducted the correlation analysis, expects the low correlation to continue for some time. Factors such as the potential approval of a spot ETF and the upcoming Bitcoin halving event (halving of Bitcoin mining rewards) could allow Bitcoin to move according to its internal pulse in the coming period.<\/p>\n<p>So, investors, fasten your seat belts. The crypto tango has made a fascinating turn. As Bitcoin departs from the embrace of Nasdaq, entering a new era of potential value as a refuge from the ever-shifting sands of traditional markets, it is embarking on a period of newfound independence, moving to the beat of its internal rhythm.<\/p>\n<hr class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\" \/>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"content darkmysite_style_txt_border darkmysite_processed\" tabindex=\"0\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"ac-container ac-adaptiveCard darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"ac-textBlock darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The correlation between Bitcoin and NASDAQ, which has been akin to a synchronized dance over the years, has recently been disrupted. An analysis revealed that the 40-day correlation between Bitcoin and NASDAQ has dropped to zero. This indicates that the close connection between the two financial giants has weakened, and they are now taking different<\/p>\n","protected":false},"author":13,"featured_media":9570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,10,2],"tags":[61,3552,3551,3553,577],"class_list":["post-9569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-crypto-news","category-economy-news","category-news","tag-bitcoin","tag-bitcoin-and-nasdaq","tag-bitcoin-and-nasdaq-correlation-broken","tag-correlation","tag-nasdaq"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin and NASDAQ Correlation Broken! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin and Nasdaq have performed a synchronized dance over the years. 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