Close Menu
Elon Musk Monitor
  • Home
  • Elon Musk
  • AI
  • Cybertruck
    • DOGE & Cryptocurrency
    • Financial & Business
  • Grok
    • Hyperloop & Urban Mobility
    • Innovations & Future Projects
  • Mars Colonization
  • Neuralink
    • Philanthropy & Humanitarian Efforts
    • Public Perception & Cultural Impact
    • SolarCity & Renewable Energy
  • SpaceX
  • Starlink
  • Tesla
    • The Boring Company
  • X

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

China’s orbital maneuvers blur the line between peaceful and provocative

July 10, 2025

Delta Air Lines (DAL) 2Q 2025 earnings

July 10, 2025

Grok 4 AI Model Launched by Elon Musk’s xAI Alongside the World’s Most Expensive AI Subscription Plan

July 10, 2025
Facebook X (Twitter) Instagram
Elon Musk Monitor
  • Home
  • About Us
  • Advertise with Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Elon Musk
  • AI
  • Cybertruck
    • DOGE & Cryptocurrency
    • Financial & Business
  • Grok
    • Hyperloop & Urban Mobility
    • Innovations & Future Projects
  • Mars Colonization
  • Neuralink
    • Philanthropy & Humanitarian Efforts
    • Public Perception & Cultural Impact
    • SolarCity & Renewable Energy
  • SpaceX
  • Starlink
  • Tesla
    • The Boring Company
  • X
Elon Musk Monitor
Home » Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading
DOGE & Cryptocurrency

Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading

elonmuskBy elonmuskJuly 10, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path.

Bitcoin & Ethereum Showing Different Degrees Of Correlation To Other Assets

In a post on X, the institutional DeFi solutions provider Sentora (previously IntoTheBlock) has talked about how the latest Correlation Matrix has looked between the two largest cryptocurrencies, Bitcoin and Ethereum, and traditional markets. The “Correlation Matrix” here refers to an indicator that tells us how closely tied together the prices of two given assets currently are.

When the value of this metric is positive, it means the assets are reacting to moves in each other by moving in the same direction to some degree. The closer the metric is to 1, the stronger the relationship.

Related Reading

On the other hand, the indicator being under the zero mark implies there is a negative correlation between the two prices. That is, they are moving in opposite directions. For this side of the scale, the extreme point is -1.

Naturally, the Correlation Matrix showing a value exactly equal to zero suggests there is no correlation whatsoever between the assets. In statistics, the two variables are said to be ‘independent’ in this case.

Now, here is the table shared by Sentora that shows how the Correlation Matrix of Bitcoin and Ethereum stands with respect to some traditional markets:

Bitcoin Correlation Matrix
Looks like BTC is showing a strong negative correlation to the VIX Index | Source: Sentora on X

As is visible above, the index that Bitcoin and Ethereum have the strongest positive correlation to is DAX. That said, the Correlation Matrix stands at 0.46 for ETH, meaning that while some correlation does exist, it’s not too intense. This isn’t the case for Bitcoin, which has the indicator sitting at 0.85, indicating its price is pretty in tandem with DAX.

Likewise, BTC has a notable correlation to other stock market indices, with a metric value of 0.7, 0.68, and 0.69 for the Russel 2000, S&P 500, and Dow Jones Industrial Average, respectively. In contrast, Ethereum is almost fully independent from these indices, with the indicator standing quite close to zero for each of them.

For US Dollar Index and VIX Index, the last two markets listed in the table, the Correlation Matrix is inside the negative zone for Bitcoin. This means that the digital asset has actively been moving against these indices.

Related Reading

“Right now, the spotlight is on the U.S. Dollar Index (DXY): if geopolitical and macro tensions drag the dollar lower, that backdrop could create room for another leg higher in BTC,” notes the analytics firm.

Just like with the stocks, Ethereum is displaying little correlation to DXY and VIX, further reinforcing that the cryptocurrency has been following a trajectory of its own recently.

BTC Price

Bitcoin is mounting another bullish push as its price surges to $109,400, but it remains to be seen whether its fate will be any different from the weekend move.

Bitcoin Price Chart
The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
elonmusk
  • Website

Related Posts

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

July 10, 2025

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

July 10, 2025

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

July 10, 2025
Leave A Reply Cancel Reply

Don't Miss
Cybertruck

Tesla Cybertruck police truck donor revealed

A batch of Tesla Cybertrucks were recently revealed to be a donation to the Las…

Tesla upgrades its ridiculous Cybertruck wiper after owners report issue

February 27, 2025

Tesla Cybertruck contract with State Dept. may have been modified after Biden admin

February 26, 2025

This Tesla Cybertruck feature helped it earn a ‘Best Tech’ award

February 25, 2025
Top Posts

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

July 10, 2025

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

July 10, 2025

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

July 10, 2025

Ethereum Bulls Roar — $3K Beckons After 5% Spike

July 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Elon Musk Monitor, your go-to source for comprehensive, up-to-date information on the life, work, and innovations of one of the most influential figures in the world today—Elon Musk. Our mission is to keep you informed about Musk’s ventures and projects, ranging from electric vehicles to space exploration, and everything in between. Whether you’re a tech enthusiast, investor, or simply curious about Musk’s impact on the world, we’ve got you covered.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

July 10, 2025

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

July 10, 2025

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

July 10, 2025
Most Popular

How I met my partner on X/Twitter

February 8, 2025

DOGE staffer resigns after racist posts uncovered. Elon Musk might bring him back.

February 9, 2025

OpenAI accuses DeepSeek of stealing data, internet digs into the ‘irony’

February 9, 2025
  • Home
  • About Us
  • Advertise with Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 elonmuskmonitor. Designed by elonmuskmonitor.

Type above and press Enter to search. Press Esc to cancel.