Greg Cipolaro, Head of Research at NYDIG, stated that Bitcoin's correlation with US stock markets (such as the S&P 500 and Nasdaq 100) has recently risen to approximately 0.5. However, stock market factors only explain about 25% of Bitcoin's price volatility, with the remaining fluctuations primarily stemming from factors within the crypto market itself, including inflows into Bitcoin funds, changes in derivatives positions, network adoption, and changes in the regulatory environment. He believes that the current price linkage reflects more the macro liquidity and risk appetite environment than a structural bond between Bitcoin and tech stocks; therefore, Bitcoin still offers value for portfolio diversification.😳😳😳
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11March 17, 2026 5.2K
