TechFlow news, November 18 — According to CoinDesk, data shows that in 2024, Bitcoin moved in the same direction as the Nasdaq Index only 52% of the time, with the 30-day correlation dropping to 0.46, one of the lowest levels over the past five years. Fidelity data indicates Bitcoin's correlation with the S&P 500 Index is merely 19%, and it has delivered the highest Sharpe ratio among major asset classes.
Since Donald Trump won the U.S. election on November 6, Bitcoin surged past $93,000 to reach a new all-time high, while the Nasdaq Index pulled back 4% from its historical peak. According to Glassnode data, Bitcoin’s 30-day implied volatility has declined from 100% in 2021 to around 60% today. As the world’s seventh-largest asset, Bitcoin is gradually decoupling from traditional risk assets and demonstrating independent market performance.
