What is the Bitcoin vs S&P 500 correlation?
It measures how closely Bitcoin and the S&P 500 move together over a rolling 30-day window, using the Pearson correlation coefficient (−1 to +1). Bitcoin has periodically traded as a risk-on asset with a positive correlation to equities, and at other times decoupled entirely — the relationship is not constant.
Is Bitcoin correlated with the stock market?
It depends on the period. During broad risk-on or risk-off macro regimes (e.g. rate-hike cycles, liquidity crunches), Bitcoin has shown periods of meaningfully positive correlation with the S&P 500. During crypto-native cycles (halving narratives, on-chain-driven flows), correlation has dropped toward zero or turned negative. This tracker shows the realized, rolling relationship rather than a fixed assumption either way.
Where does this data come from?
S&P 500 data uses the index’s continuous daily-close history via stooq.com, a free public data source with no API key required. Bitcoin uses Binance BTCUSDT daily closes.
Does Bitcoin behave like "digital gold" or a risk asset?
Both narratives have been true at different times, which is exactly what this tool is for — reading whether the current regime looks more like a risk-on equity proxy (positive correlation) or an uncorrelated/hedge asset (correlation near zero or negative). This is realized data, not a forecast, and is not investment advice.