![Bitcoin proving to be an independent player in European market turmoil](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-4.jpg&w=70&h=37&q=75)
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)](https://cryptoslate.com/wp-content/uploads/2023/03/dax.png)