#Bitcoin linked to Nasdaq all-time high#
Hot Topic Overview
Overview
Bitcoin's correlation with the Nasdaq 100 index has reached its highest level in two years, with a 30-day correlation coefficient of around 0.70, indicating a high degree of synchronicity in their movements. This suggests that the impact of US inflation data on the stock market will directly affect the price of Bitcoin. Analysts believe that the upcoming CPI data release will have a significant impact on the market, and investors are hedging through the options market to mitigate potential volatility.
Ace Hot Topic Analysis
Analysis
The correlation between Bitcoin and the Nasdaq 100 has reached its highest level in two years, with a 30-day correlation coefficient of approximately 0.70, indicating a high degree of synchronous movement between the two. This high correlation suggests that the stock market's reaction to US inflation data could influence Bitcoin's price movements. Analysts believe that the upcoming Consumer Price Index (CPI) data will have a significant impact on the market, and investors are preparing for increased volatility. Hedge activity in the options market is increasing, with the proportion of bearish bets rising, indicating that investors are hedging against potential downside risks. This correlation is also linked to the recent Trump-related momentum ahead of the US presidential inauguration, as investors remain cautious about market direction.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's correlation with the Nasdaq 100 index has reached its highest level in two years, indicating a close relationship between the two.
The Fed's rate hike expectations and inflation data have a significant impact on both the stock market and Bitcoin. Investors need to pay attention to these data.
Investor concerns about increased future market volatility are intensifying, leading to hedging measures.
Trump-related momentum may intensify in the days leading up to his inauguration, impacting the market.