Bitcoin’s 90% Nasdaq Correlation Puts Spotlight on Nvidia Earnings

[cryptoenthusiast]

Bitcoin 30-day correlation vs. Nasdaq 100 Index. Source: TradingView

Bitcoin’s price action is increasingly tied to traditional markets, with its 30-day correlation to the Nasdaq-100 reaching 90%. The strong alignment suggests that tech-sector sentiment — rather than crypto-native factors — is currently steering risk appetite. As a result, broader equity performance could heavily influence how Friday’s options expiry unfolds.

Particular attention has turned to earnings from Nvidia, whose performance is widely viewed as a bellwether for artificial intelligence and tech profitability. While Bitcoin’s stock-market correlation historically fades over time, short-term volatility tied to equity momentum could ultimately determine whether bulls can engineer the 9% rally needed to flip the $10.5 billion expiry in their favor.

[chainsniff]

love how the hedge against tradfi now needs tradfi to rally 9%