Bitcoin Correlation with Crypto & Traditional Assets
How closely BTC has moved with each coin on the correlation matrix: the Pearson correlation of daily log returns over the last 30 and 90 days, its beta to Bitcoin and its realised volatility. Computed from Binance USDT perpetual daily candles.
Over the last 30 days BTC moved most like ETH (0.94) and least like HYPE (0.27); its average correlation with the other 19 matrix coins is 0.67. Bitcoin is the reference: every other coin's beta on the matrix is measured against it. BTC's 30-day realised volatility is 35% annualised (42% over 7 days), rank 98 of 100 on the volatility screener.
BTC correlation with each coin · sorted by 30d
| Coin | 30d | 90d |
|---|---|---|
| ETH | 0.94 | 0.90 |
| SOL | 0.91 | 0.86 |
| ADA | 0.89 | 0.83 |
| DOGE | 0.89 | 0.86 |
| XRP | 0.86 | 0.89 |
| SUI | 0.85 | 0.72 |
| BNB | 0.85 | 0.76 |
| AVAX | 0.75 | 0.57 |
| LINK | 0.75 | 0.71 |
| UNI | 0.73 | 0.58 |
| ENA | 0.73 | 0.61 |
| NEAR | 0.72 | 0.50 |
| ASTER | 0.59 | 0.53 |
| ZEC | 0.59 | 0.54 |
| XMR | 0.45 | 0.38 |
| PEPE | 0.41 | 0.70 |
| WLFI | 0.31 | 0.36 |
| LIT | 0.28 | 0.40 |
| HYPE | 0.27 | 0.57 |
30 days: reference, 30 daily returns · 90 days: reference, 90 daily returns.
Bitcoin vs traditional assets
| Asset / symbol | 30d | 90d |
|---|---|---|
| S&P 500 xyz:SP500 |
0.67 29 days |
0.49 89 days |
| Nasdaq-100 xyz:XYZ100 |
0.64 29 days |
0.51 89 days |
| Gold xyz:GOLD |
0.46 29 days |
0.50 89 days |
| WTI oil xyz:CL |
-0.32 29 days |
-0.23 89 days |
| Long Treasuries (TLT) xyz:TLT |
-0.13 29 days |
not enough data 38 days |
| EUR/USD xyz:EUR |
0.10 29 days |
0.29 89 days |
Hyperliquid perpetual futures, not cash markets; BTC uses Binance spot daily closes. Pearson correlation over the last 30 or 90 completed UTC weekdays, requiring 80% common daily log returns. Day counts show common weekday returns. Monday returns span the weekend; missing weekday closes are omitted. Bitcoin vs S&P 500 charts and methodology.
How to read it. Each value is the Pearson correlation of daily log returns over the last 30 or 90 completed UTC days: 1.00 means the two coins moved in lockstep, 0 unrelated, negative in opposite directions. Beta is how much the coin has moved per 1% Bitcoin move. See every pair on the correlation matrix and volatility for 100 perps on the volatility screener.
Coins are the 20 with the most perpetual open interest that list a Binance USDT perp. Daily candles come from Binance's public futures API and refresh a few times a day. Not financial advice.
BTC correlation FAQ
How is BTC's correlation calculated?
From Binance USDT perpetual daily candles (UTC days) we take BTC's daily log return, ln(close / previous close), and compute the Pearson correlation with every other coin on the correlation matrix over the days both have, in the last 30 or 90 completed days. +1 means they moved in lockstep, 0 unrelated, -1 opposite.
What does beta to Bitcoin mean?
Beta is how much BTC has moved per 1% move in Bitcoin: the covariance of its daily returns with BTC's divided by the variance of BTC's. A beta above 1 with a high correlation is an amplified Bitcoin trade; a low correlation means Bitcoin explains little of its moves.
Why is a window or the volatility missing?
A coin needs daily returns on at least 80% of a window's days, so a recent listing has no 90-day correlations yet. The 7- and 30-day realised volatility comes from the volatility screener, which covers the 100 most-traded perps. Nothing here is financial advice.