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Bitcoin Rides the NASDAQ Breakout

Bitcoin Correlations Report, July 2025

Ecoinometrics

Jul 23

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Sometimes, Bitcoin’s correlation to other risk-on assets works against it.

But right now, it’s working in Bitcoin’s favour. We’re seeing a double tailwind at play: one that’s internal to Bitcoin, and one that comes from outside.

The first tailwind, which we covered on Monday, is driven by Bitcoin’s own price dynamics. The second is a correlation effect, tied to what’s happening in traditional markets.

Let’s take a closer look.

Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions.

Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics.

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