{"id":18107,"date":"2023-02-20T18:19:47","date_gmt":"2023-02-20T18:19:47","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/20\/a-positive-correlation-between-bitcoin-and-nasdaq-100-offers-opportunities-to-trade-bitcoin\/"},"modified":"2023-02-20T18:19:48","modified_gmt":"2023-02-20T18:19:48","slug":"a-positive-correlation-between-bitcoin-and-nasdaq-100-offers-opportunities-to-trade-bitcoin","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/20\/a-positive-correlation-between-bitcoin-and-nasdaq-100-offers-opportunities-to-trade-bitcoin\/","title":{"rendered":"A positive correlation between Bitcoin and Nasdaq 100 offers opportunities to trade Bitcoin"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1648028189901-c9dcbccf-cfb5-4a97-b193-33c27d598ed5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1648028189901-c9dcbccf-cfb5-4a97-b193-33c27d598ed5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1648028189901-c9dcbccf-cfb5-4a97-b193-33c27d598ed5-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1648028189901-c9dcbccf-cfb5-4a97-b193-33c27d598ed5-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1648028189901-c9dcbccf-cfb5-4a97-b193-33c27d598ed5.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin and the Nasdaq 100 index have a positive correlation<\/li>\n<li>The two markets\u2019 performances provide a means to trade Bitcoin<\/li>\n<li>Volatility is vital in deciphering the positive correlation<\/li>\n<\/ul>\n<p>Bitcoin and the cryptocurrency market gained in recognition in a comparatively quick interval. Since its delivery, Bitcoin has been adopted by institutional traders, making its value motion nearer to conventional markets.<\/p>\n<p>As such, it positively correlates with the inventory market, notably with the Nasdaq 100 index. As seen under, shopping for or promoting Bitcoin or shopping for or promoting the Nasdaq 100 index was mainly the identical trade within the final two years.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/01\/20\/1676915940325-49c553e8-6d45-4579-a11b-0630a28dcbbf.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib\" width=\"1800\" height=\"528\"\/><\/p>\n<p>However, such charts are deceptive. While right, the chart above ignores the elevated volatility within the cryptocurrency market, one which requires particular cash administration expertise from crypto retail merchants.<\/p>\n<h2>The positive correlation suggests extra upside for Bitcoin<\/h2>\n<p>An attention-grabbing perspective seems if we take into perspective the 2 markets\u2019 volatility. The chart under reveals the final two years\u2019 efficiency for each \u2013 Bitcoin delivered +242.42% whereas the Nasdaq 100 +41.89%.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/01\/20\/1676915979700-6d8a9169-2d49-40a1-bed8-0c5fde9bd522.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib\" width=\"1800\" height=\"502\"\/><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=CRYPTO\" rel=\"noopener noreferrer\" target=\"_blank\">BTCUSD chart by TradingView<\/a><\/p>\n<p>Both performances are spectacular, particularly if we think about the 2022 bear market. Bitcoin topped when the Nasdaq 100 index topped, and then the market collapsed as traders fled the tech sector and the cryptocurrency market.<\/p>\n<p>Judging by the positive correlation, one factor is bound \u2013 the nearer the 2 markets\u2019 efficiency is, the extra interesting it&#8217;s to purchase Bitcoin. Since the tip of 2020, the hole between the 2 performances has by no means been so slim as in late 2022.<\/p>\n<p>In different phrases, the rally seen within the first buying and selling weeks of 2023 mustn&#8217;t shock anybody, given the character of this correlation. As the tech sector bounced from the lows, so did Bitcoin. Only that Bitcoin\u2019s rally outperformed the Nasdaq 100 index\u2019s rally due to the traditionally increased volatility.<\/p>\n<p>To sum up, such a chart is beneficial when buying and selling Bitcoin. The nearer the 2 performances are, the larger the case for getting Bitcoin.<\/p>\n<p>On the opposite, as Bitcoin outperforms Nasdaq, the larger the case for promoting Bitcoin.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-vs-nasdaq-an-interesting-correlation\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin and the Nasdaq 100 index have a positive correlation The two markets\u2019 performances provide a means to trade Bitcoin Volatility is vital in deciphering the positive correlation Bitcoin and the cryptocurrency market gained in recognition in a comparatively quick interval. Since its delivery, Bitcoin has been adopted by institutional traders, making its value 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