Market Cap
$1.54T
24h Volume
$23.78B
Dominance
58.3%
How Bitcoin fits into the macro picture
Bitcoin correlates at 0.48 with the S&P 500 over 90 days while tracking risk assets during the consolidation phase. Gold's 37% one-year gain versus Bitcoin's -29% performance highlights the monetary premium rotation that has not yet favored BTC in this cycle. The DXY's relative stability at 2% annual gains creates a neutral dollar backdrop for risk positioning.
BTC tracking risk assets in line with recent 0.48 S&P correlation, no notable decoupling today.
| Asset | 24h | YTD | BTC Edge |
|---|---|---|---|
| SPX | +0.37% | +7.70% | -22.05% |
| QQQ | +0.42% | +15.38% | -29.73% |
| XAU | -0.42% | -4.05% |
BitMEX researcher Shang Wu argues fixed-income investors are in a panic as government securities crack under structural pressure. This bonds-to-Bitcoin rotation thesis historically correlates with monetary debasement cycles, though current ETF outflows suggest institutions remain cautious despite the narrative framing.
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Next briefing: 2 AM CET
| -10.30% |
| DXY | -0.27% | +2.04% | -16.39% |
| ETH | -0.91% | -14.09% | -0.26% |
| SOL | -0.76% | -19.13% | +4.78% |
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