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Bitcoin fails to match US equities surge despite strong Nasdaq correlation
Bitcoin is challenging the long-term perception that it behaves as a leveraged proxy of the Nasdaq, according to a K33 report released Tuesday. The report noted that Bitcoin's 30-day correlation with the Nasdaq pushed above 0.7, a level previously seen only during major macro-driven periods such as April and October 2022, before a repeat in March 2025. K33 analysts suggest that while equities have played a major role in BTC's recent recovery, Bitcoin has not matched the scale of their surge in the past few weeks. Nasdaq futures gained 27% between March 30 and May 8, marking the strongest 30-day performance for the ... (full story)
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- May 12, 2026 7:16pm Posted byFundamental Analysis134
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