Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Bitcoin breaks $24k – correlation seen with traditional assets trending downwards YTD
As Bitcoin breaks $24k, correlation to traditional assets revealed — Bitcoin and S&P 500 only 16% correlated year to date (YTD).
Quick Take
- Bitcoin was strongly correlated to traditional assets during 2022 due to uncertainty in the unprecedented speed of rate hikes from the federal reserve.
- However, as 2023 continues to unfold, Bitcoin seems to be decoupling from traditional assets and going into a class of its own — roughly 50% up year-to-date.
On a YTD view;
- BTC is -0.17% correlated to the US 10-year government bond yield.
- BTC is 0.15% correlated to the S&P 500 (YTD low).
- BTC is 0.24% correlated to the Nasdaq.
- BTC is -0.19% correlated to the DXY.
- BTC is 0.17% correlated to TLT.


















