Bitcoin’s independence from S&P 500, Nasdaq grows post-election
Summary
Bitcoin has significantly outperformed the S&P 500 and Nasdaq over the past three months, with a 58.79% increase compared to their modest gains. Following the US presidential election, Bitcoin's performance diverged from these indices, as indicated by its correlation coefficients dropping into weakly negative territory. This suggests a potential new role for Bitcoin, moving away from being merely a speculative risk-on asset and indicating an independent rise in its market behavior.
