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NYDIG: The correlation between bitcoin and US stocks is rising, but bitcoin still offers portfolio diversification value

NYDIG: The correlation between bitcoin and US stocks is rising, but bitcoin still offers portfolio diversification value

金色财经金色财经2026/03/08 20:54
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Jinse Finance reported that Greg Cipolaro, Head of Research at NYDIG, stated in the latest market report that although bitcoin's recent correlation with the US stock market (such as the S&P 500 and Nasdaq 100) has risen to about 0.5, stock market factors can only explain about 25% of bitcoin's price volatility. The remaining fluctuations mainly come from factors within the crypto market itself, including capital 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 of the macro liquidity and risk appetite environment, rather than a structural binding between bitcoin and tech stocks. Therefore, bitcoin still holds portfolio diversification value. (CoinDesk)
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