Bitcoin Nasdaq Correlation: The Correlation between the Nasdaq index and Cryptocurrencies (March 2026 Version)
The correlation between the Nasdaq index and cryptocurrencies, particularly Bitcoin, has been a subject of interest and analysis, reflecting the increasing integration of digital assets into the broader financial ecosystem. Updated Analysis as of March 2026 Fast-forward to March 9, 2026, and the correlation has flipped dramatically positive amid renewed volatility. The 30-day correlation coefficient between Bitcoin and the S&P 500 (closely tied to Nasdaq trends) stands at 0.74, the highest level this year. Similarly, Bitcoin's correlation with the Nasdaq has swung from -0.68 in early February to +0.72, highlighting sensitivity to risk-off flows and macro events like geopolitical tensions. Bitcoin remains strongly aligned with the Nasdaq 100, showing little correlation with gold or bonds, reinforcing its role as a risk asset rather than a safe haven. Current Bitcoin price hovers around $65,978–$66,000, consolidating in a $60,000–$72,000 range after a 22% decline from last year...

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