Jakarta, Pintu News – The cryptocurrency market continues to show interesting dynamics, especially in the relationship between Bitcoin (BTC) and Ethereum (ETH) with the traditional stock market. Recent data shows that while Bitcoin (BTC) is still closely related to stock indices, Ethereum (ETH) seems to be taking a more independent path.
Bitcoin (BTC) and Ethereum (ETH) are two of the largest cryptocurrencies that are often analyzed to see how they interact with other assets in the financial markets. According to Sentora, an institutional DeFi solution provider, there is a significant difference in the degree of correlation of these two digital currencies with the stock market.
Bitcoin (BTC) shows a strong correlation with the DAX, with the correlation matrix value reaching 0.85, signaling that its price movements are very much in line with the index. In contrast, Ethereum (ETH) has a lower correlation with the DAX, at just 0.46, which suggests that while there is a link, the relationship is not very close. This is interesting as it suggests that Ethereum (ETH) may be starting to move more independently of traditional stock market influences.
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Furthermore, Ethereum (ETH) shows almost no correlation with other major stock market indices such as the Russell 2000, S&P 500, and Dow Jones Industrial Average, with correlation matrix values very close to zero. This suggests that Ethereum (ETH) may have different price-driving factors than traditional stock markets, providing opportunities for investors to diversify assets.
Meanwhile, Bitcoin (BTC) still shows a significant correlation with these stock market indices, with correlation matrix values ranging from 0.68 to 0.70. This correlation suggests that Bitcoin (BTC) is still influenced by the same factors that affect the stock market, such as global economic sentiment and monetary policy.

Bitcoin (BTC) recently experienced a significant price increase, reaching $109,400. While this is a bullish signal, it remains to be seen whether this trend will continue or experience a decline as it did the previous weekend. Bitcoin (BTC)’s close relationship with the stock market may play a role in this price volatility.
This price increase is also interesting as it comes amid indications that Bitcoin (BTC) may start to move in opposition to some market indices, such as the US Dollar Index and VIX, which showed a negative correlation in recent data. This could be an indicator that investors may be looking at Bitcoin (BTC) as a safe haven asset in times of market uncertainty.
This analysis shows that while Bitcoin (BTC) is still closely tied to the stock market, Ethereum (ETH) is showing signs of becoming more independent. This distinction is important for investors seeking diversification in their cryptocurrency portfolio and looking for opportunities in the ever-changing market dynamics.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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