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Bitcoin’s Correlation With Stocks and Gold
Correlation of Bitcoin’s daily returns with the Nasdaq-100, the S&P 500 and gold, rolling 90 trading days
1 of 3 series is above their level a year earlier
Plays the chart through its history. Pauses are where the data set a record or moved most.
Pearson correlation of daily log returns on U.S. trading days, using the QQQ, SPY and GLD funds. Near one, Bitcoin moves with the asset; near zero, it moves on its own; below zero, against it. Calculated by Palanor.
Whether Bitcoin is trading like a tech stock, like gold, or like neither. The correlation changes with the market: it tends to rise when investors buy and sell risk all at once.
What this chart reads
- Bitcoin Correlation With Nasdaq-100 (90 Trading Days)as “Nasdaq-100 (QQQ)”latest 2026-10-21
- Bitcoin Correlation With S&P 500 (90 Trading Days)as “S&P 500 (SPY)”latest 2026-10-21
- Bitcoin Correlation With Gold (90 Trading Days)as “Gold (GLD)”latest 2026-10-21
Sources
Bitcoin Correlation With Nasdaq-100 (90 Trading Days). Source: Daily closes received through a licensed market data provider. Returns are taken on U.S. trading days only, from one close to the next. Correlation calculated by Palanor; only the derived figure is published.
Bitcoin Correlation With S&P 500 (90 Trading Days). Source: Daily closes received through a licensed market data provider. Returns are taken on U.S. trading days only, from one close to the next. Correlation calculated by Palanor; only the derived figure is published.
Bitcoin Correlation With Gold (90 Trading Days). Source: Daily closes received through a licensed market data provider. Returns are taken on U.S. trading days only, from one close to the next. Correlation calculated by Palanor; only the derived figure is published.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.