Insights
Bitcoin proving to be an independent player in European market turmoil Bitcoin proving to be an independent player in European market turmoil

Bitcoin proving to be an independent player in European market turmoil

Bitcoin has a revealed negative correlation with the turmoil currently hitting the largest European stock markets.

Quick Take

  • Bitcoin remains uncorrelated to European stock markers as turmoil spreads to Europe from the U.S.
  • Bitcoin has a -0.21 correlation with the FTSE 100.
  • Bitcoin has a -0.71 correlation with the DAX.
  • Bitcoin has a -0.39 correlation with the Stoxx Europe 600.
BTC correlation: (Source: Trading View)
BTC correlation: (Source: Trading View)