Get started
cryptoonchain

Significant Positive Correlation - BTC and NDX

Bitcoin (BITSTAMP:BTCUSD)  
cryptoonchain  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Fundamental Analysis BTCUSD Bitcoin (Cryptocurrency) NASDAQ 100 CFD S&P 500 (SPX500) Cryptocurrency
5
0
trendanalysis indicator fundamental btcusd bitcoin ndx spx500 cryptocurrency
We have already examined the correlation between Bitcoin and SP 500 (see link below):
Correlation between S&P 500 and Bitcoin
This post examines the correlation between Bitcoin and NDX
If you remember from the previous post, we saw a "Significant positive correlation" and r= 0.4 at that time between Bitcoin and SP 500.(This number has now reached about 0.52)
The correlation analysis between NDX and Bitcoin shows a greater correlation between the two. we can see a "Significant positive correlation" with r=0.689. This indicates a high correlation between Bitcoin and Nasdaq
NDX SPX BTCUSD BTCUSD BTCUSD BTCUSDT

Related Ideas

cryptoonchain
Correlation between S&P 500 and Bitcoin
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.