Bitcoin and the Stock Market: Where is the Price Heading?
Want to understand why Bitcoin is rising or falling? Just take a look at the stock market.
Today, BTC moves almost in sync with major indices such as the S&P 500 and NASDAQ-100. During periods of uncertainty, this connection becomes especially strong: if stocks are falling, the crypto market also declines, and when the stock market is rising, Bitcoin gains momentum to move upward.
Charts clearly illustrate this effect: on weekends, when exchanges are closed, BTC loses momentum, but with the opening of trading, it again follows the stocks. This means that as long as traditional indices do not show a clear direction — up or down — Bitcoin will remain in their shadow.
Where to look for clues? In the movement of the stock market and data on the correlation of BTC with stocks and gold. The relevant chart is here:
📊 View chart https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d