Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Bitcoin continues to diverge away from U.S. equities, second most uncorrelated period in over a year
Throughout 2022 Bitcoin and US equities were joined at the hip, first meaningful divergence from one another in over a year.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- In 2022, U.S. equities and Bitcoin were joined at the hip due to unprecedented rate hikes from central banks worldwide.
- A strong correlation occurred until FTX collapsed in November 2022, which saw Bitcoin diverge with equities. However, this was short-lived and not a natural divergence.
- As 2023 begins, Bitcoin has continued to diverge away from S&P 500, Dow Jones Industrial Average, and Nasdaq.
- Currently, Bitcoin is in a negative correlation with S&P 500 (-0.38), Nasdaq (-0.21), and DJI (-0.38).
$77,823.70 +0.49% (24H)
- Market Cap
- $1.56T
- 24H Volume
- $27B
- Circulating Supply
- 20.03M
- Dominance
- 60.2%
