{"id":129149,"date":"2025-05-13T12:28:29","date_gmt":"2025-05-13T12:28:29","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129149"},"modified":"2025-05-13T12:28:29","modified_gmt":"2025-05-13T12:28:29","slug":"bitcoin-volatility-falls-below-sp-500-and-nasdaq-in-rare-shift-galaxy","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129149","title":{"rendered":"Bitcoin volatility falls below S&P 500 and Nasdaq in rare shift \u2014 Galaxy"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin defied expectations in April, delivering double-digit gains while posting lower volatility than major traditional assets.
\nAccording to analysts at Galaxy Digital, Bitcoin\u2019s (BTC) realized volatility over the past 10 trading sessions dropped to 43.86, lower than the S&P 500\u2019s 47.29 and the Nasdaq 100\u2019s 51.26 \u2014 an unusual \u201cpositioning for a digital asset traditionally known for its outsized volatility.\u201d
\nThe data point comes against a backdrop of renewed financial turbulence. Since US President Donald Trump\u2019s Liberation Day tariff announcement on April 2, traditional markets have wobbled.
\nThe Nasdaq Composite is flat, the Bloomberg Dollar Index fell nearly 4%, and even gold (typically a safe haven) briefly hit $3,500 per ounce before pulling back to a 5.75% gain, Galaxy Digital analysts wrote in a May 12 note.
\nHowever, they noted that Bitcoin surged 11% over the same period, reinforcing its evolving role as a macro hedge amid geopolitical and fiscal uncertainty.
\nThe Nasdaq Composite Index has been in the red over the past six months. Source: NasdaqRelated: Bitcoin illiquid supply hits 14M BTC as hodlers set bull market record
\nBitcoin\u2019s correlation with major indexes declines
\nThe analysts noted that Bitcoin still maintains elevated 30-day correlations with major indexes, around 0.62 with the S&P and 0.64 with the Nasdaq. However, its beta has declined, signaling that investors may be treating it less as a high-risk asset and more as a long-term allocation.
\n\u201cBitcoin as a non-sovereign asset means an investor doesn\u2019t need the full faith or tax basis of a nation to support the integrity of the asset,\u201d said Chris Rhine, head of liquid active strategies at Galaxy.
\nGalaxy said that the recent investor behavior mirrors what was observed during the 2018\u20132019 US-China trade tensions when Bitcoin rallied amid rising global uncertainty.
\nHank Huang, CEO of Kronos Research,\u00a0told Cointelegraph that surging ETF inflows and Strategy\u2019s ongoing Bitcoin purchases are helping reshape Bitcoin into a digital version of gold, less tied to equities.
\n\u201cAs institutions deepen liquidity, volatility drops, making Bitcoin a cornerstone for portfolios,\u201d Huang added.
\nInstitutions view Bitcoin as hedge
\nMeanwhile, Galaxy\u2019s OTC trading desk said the market posture is \u201ctactically cautious but structurally constructive,\u201d marked by disciplined leverage and low hedging stress.
\nWith 95% of Bitcoin\u2019s total supply already mined and growing interest from institutions, ETFs and even governments, Bitcoin is increasingly being viewed as a digital store of value.
\n\u201cBitcoin\u2019s supply and demand dynamics are solidifying its place as a mature digital store of value,\u201d said Ian Kolman, co-portfolio manager at Galaxy.
\nOn April 25, Jay Jacobs, BlackRock\u2019s head of thematics and active ETFs, said there has been a long-term trend in which countries have been reducing their reliance on dollar-based reserves in favor of assets like gold and, increasingly, Bitcoin.
\nHe noted that geopolitical fragmentation is fueling demand for uncorrelated assets, with Bitcoin increasingly viewed alongside gold as a safe-haven asset.
\nMagazine:\u00a0Bitcoin eyes\u2019 crazy numbers,\u2019 JD Vance set for Bitcoin talk: Hodler\u2019s Digest, May 4 \u2013 10Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin defied expectations in April, delivering double-digit gains while posting lower volatility than major traditional assets. According to analysts at Galaxy Digital, Bitcoin\u2019s (BTC) realized volatility over the… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129149"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129149"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129149\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129149"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}