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Bitcoin proving to be an independent player in European market turmoil Bitcoin proving to be an independent player in European market turmoil James Van Straten · 2 months ago
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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.

James Van Straten / Mar. 15, 2023 at 12:00 pm UTC

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)
Analyst
James Van Straten
Research Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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