Kaiko data reveals decreased correlation between Bitcoin and Nasdaq 100

Market data provider, Kaiko, announced on January 25 that the correlation between Bitcoin (BTC) and the Nasdaq 100 has averaged nearly zero since June 2023.

This indicates a decreased correlation in recent months which may imply a further price decoupling of these two asset classes.

There's been speculation about Bitcoin increasingly separating from the Nasdaq 100, a trend which could well be proving true given this latest data.

Bitcoin has a propensity to take its own course in market trends, frequently deviating from other asset classes.