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Bitcoin proving to be an independent player in European market turmoil

Bitcoin has a revealed negative correlation with the turmoil currently hitting the largest European stock markets.

James Van Straten
Mar. 15, 2023 at 12:00 pm UTC
1 min read
Updated: Mar. 15, 2023 at 12:00 pm UTC

Quick Take

  • Bitcoin remains uncorrelated to European stock markers as turmoil spreads to Europe from the U.S.
  • Bitcoin has a -0.21 correlation with the FTSE 100.
  • Bitcoin has a -0.71 correlation with the DAX.
  • Bitcoin has a -0.39 correlation with the Stoxx Europe 600.
BTC correlation: (Source: Trading View)
BTC correlation: (Source: Trading View)
Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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