Gate Research: Correlation Analysis and Trading Strategies of Gold, Nasdaq Index, and Bitcoin Prices
2025-04-29 03:41:06
Download the Full Report （PDF）
This report presents a systematic study of gold, the Nasdaq Index (including both Composite and Nasdaq-100), and Bitcoin (BTC), aiming to uncover their return characteristics, volatility clustering, correlation evolution, and the applicability of trading strategies under various macroeconomic contexts.Abstract
- BTC exhibits high price volatility and is strongly driven by sentiment and speculation. While its long-term correlation with traditional assets (such as gold and the Nasdaq) remains low, its short-term correlation with the Nasdaq rises sharply during periods of intense Federal Reserve policy shifts, particularly during tightening cycles.
- Gold consistently displays safe-haven characteristics, often rising in price when BTC and the Nasdaq experience heightened volatility, thereby serving as an effective hedge.
- The Nasdaq Index demonstrates a significant Granger causal relationship with BTC, indicating its movement can serve as a leading indicator for BTC, offering valuable trading insights.
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, market insights, industry reviews, trend forecasts, and macroeconomic policy analysis.
Disclaimer
Investing in the crypto market involves a high level of risk. Users are advised to conduct independent research and fully understand the nature of any assets and products before making investment decisions. Gate.com assumes no responsibility for any losses or damages resulting from such investment activities.
Author: Simon
Translator: Piper
Reviewer(s): Mark、Edward、Wayne、Evelyn、Elisa
Translation Reviewer(s): Ashley、Joyce
Disclaimer
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.
Related Articles
Beginner
In-depth Explanation of Yala: Building a Modular DeFi Yield Aggregator with $YU Stablecoin as a Medium
Yala inherits the security and decentralization of Bitcoin while using a modular protocol framework with the $YU stablecoin as a medium of exchange and store of value. It seamlessly connects Bitcoin with major ecosystems, allowing Bitcoin holders to earn yield from various DeFi protocols.
2024-11-29 06:05:21
Beginner
Exploring 8 Major DEX Aggregators: Engines Driving Efficiency and Liquidity in the Crypto Market
DEX aggregators integrate order data, price information, and liquidity pools from multiple decentralized exchanges, helping users find the optimal trading path in the shortest time. This article delves into 8 commonly used DEX aggregators, highlighting their unique features and routing algorithms.
2024-10-21 11:40:40
Beginner
What Is Copy Trading And How To Use It?
Copy Trading, as the most profitable trading model, not only saves time but also effectively reduces losses and avoids man-made oversights.
2022-12-20 09:15:30
Beginner
What Is Technical Analysis?
Learn from the past - To explore the law of price movements and the wealth code in the ever-changing market.
2022-07-15 06:52:50
Beginner
How to Do Your Own Research (DYOR)？
"Research means that you don’t know, but are willing to find out."
- Charles F. Kettering.
2022-07-17 23:23:06
Intermediate
What Is Fundamental Analysis?
Suitable indicators and tools combined with crypto news make up the best possible fundamental analysis for decision-making
2022-07-17 04:54:55