Market Cap
$1.27T
24h Volume
$38.41B
Dominance
56.2%
How Bitcoin fits into the macro picture
Bitcoin rallied 4.3% while broader markets declined, with the S&P 500 down 2.6% and Nasdaq down 4.8%. The relative outperformance breaks from recent high correlation periods, though BTC's 90-day correlation to the S&P 500 remains elevated at 0.48. Rate uncertainty ahead of next week's CPI and later FOMC meeting is pressuring risk assets broadly.
BTC's 0.48 correlation to equities over 90 days shows continued macro sensitivity, though today's +6.9% relative outperformance versus the S&P 500 suggests some decoupling during the relief bounce.
| Asset | 24h | YTD | BTC Edge |
|---|---|---|---|
| SPX | -2.64% | +6.41% | -35.71% |
| QQQ | -4.77% | +13.33% | -42.63% |
| XAU | -0.04% | -7.43% |
Bitcoin's return to $60,000 is drawing heavy ETF outflows, marking a sharp reversal from February when institutional selling eased into the dip. The sentiment flip signals that institutional buyers who accumulated weakness in early 2025 are now distributing into any strength, removing a key price support mechanism that previously limited downside.
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Next briefing: 2 AM CET
| -21.87% |
| DXY | -0.05% | +3.12% | -32.42% |
| ETH | +6.72% | -30.63% | +1.32% |
| SOL | +4.79% | -36.74% | +7.44% |
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