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Bitcoin's Stock Correlation Often Strengthened During Market Stress
Bitcoin’s daily correlation with the S&P 500 was 0.30 from Jan. 3, 2023, through April 14, 2025. The measure does not show how Bitcoin performed when stocks fell.

Bitcoin’s daily correlation with the S&P 500 measured 0.30 from Jan. 3, 2023, through April 14, 2025. The relationship often strengthened during periods of market stress.
Correlation describes how closely two assets’ daily moves align over a defined period. The reported figures do not establish that Bitcoin fell alongside stocks during stressed markets or show whether it reliably protected portfolios from losses.