Bitcoin’s Correlation Report, January 2025

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	Forwarded this email? Subscribe here for more Bitcoin is Riding the Stock Market Train Bitcoin’s Correlation Report, January 2025 Ecoinometrics Jan 22 ∙ Preview   READ IN APP   One of the big themes I've been hammering for quite some time already is that Bitcoin is not an uncorrelated asset. That was once part of the narrative to sell Bitcoin as the ultimate addition to your portfolio. And back then, a long time ago, that was kind of true. But times have changed and these days you better feel the pulse of what's going on with risk assets to understand where Bitcoin is going. Let's talk about that. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 28,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. Bitcoin is Riding the Stock Market Train The Takeaway Bitcoin's correlation with the NASDAQ has surged to levels not seen since 2022, while its relationship with gold has weakened. In the current market environment, Bitcoin moves in lockstep with risk assets, trading slightly below but close to its expected value relative to the NASDAQ. This risk-on dynamic extends to the broader crypto ecosystem, where mining stocks show significant undervaluation while MicroStrategy maintains its premium. The upcoming FOMC meeting will likely drive short-term price action given these strong correlations. Correlations Going Through the Roof... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe