The price of BTC is highly volatile, exhibiting strong emotional drives and speculative properties. Its long-term correlation with traditional assets (such as gold and the Nasdaq) is relatively low, but during periods of drastic changes in Federal Reserve policy, particularly during tightening phases, the short-term correlation with the Nasdaq significantly increases.
Gold demonstrates stable safe-haven properties, often rising against the trend during sharp fluctuations in BTC and the Nasdaq, showing good hedging potential;
The NASDAQ index has a significant Granger causality relationship with BTC, and its movement can serve as a leading indicator for BTC, holding important trading reference value.
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Gate Research Institute: Analysis of the correlation between gold, Nasdaq index, and BTC price, and trading strategies.
Summary
[Gate Academy](https://www.gate.io/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate.io does not take responsibility for any losses or damages resulting from such investment decisions.