Bitcoin volatility falls below S&P 500 and Nasdaq in rare shift — Galaxy
Bitcoin achieved double-digit gains in April, with a realized volatility of 43.86, lower than the S&P 500 and Nasdaq 100. This occurred amid financial turbulence following President Trump's tariff announcement. While traditional markets struggled, Bitcoin surged 11%, indicating its role as a macro hedge during geopolitical uncertainty. Its correlation with major indexes remains elevated at 0.62 with the S&P and 0.64 with the Nasdaq, but its beta has declined, suggesting a shift in investor perception towards long-term allocation. Analysts noted that Bitcoin is increasingly seen as a digital store of value, paralleling trends observed during past trade tensions. Institutional interest and ETF inflows are contributing to this transformation, reducing volatility and enhancing Bitcoin's portfolio significance. With 95% of its supply mined, Bitcoin is viewed as a mature asset, with geopolitical fragmentation driving demand for uncorrelated assets like Bitcoin and gold.
