EconomyBitcoin hits decade-low S&P 500 correlation, but daily data tells a different story

Bitwise said Bitcoin’s 260-day correlation with the S&P 500, measured from price levels, was the lowest since 2015. CryptoSlate’s FRED-based calculation found log-level correlation near −0.62, while percentage-return correlation was +0.40. The figures show that prices can diverge over months while daily gains and losses still overlap, so negative correlation alone does not prove Bitcoin will hedge stock losses.

BitcoinS&P 500market correlation

CCryptoSlate★★☆☆☆2026-09-09 09:30Original