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Gate Research: Correlation Analysis and Trading Strategies of Gold, Nasdaq Index, and Bitcoin Prices

Gate Research: Correlation Analysis and Trading Strategies of Gold, Nasdaq Index, and Bitcoin Prices

4/29/2025, 4:00:14 AM
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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.



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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.io 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
* 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.
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Crypto Calendar

Major Events
LINEA will have its TGE on September 10, with the airdrop claim window open from September 10 to December 9. 85% of the total supply of LINEA is allocated to the ecosystem, with 10% allocated to early users and developers, and 75% going to the ecosystem fund, with no allocation to teams or VCs. All airdrop tokens are fully unlocked.
VC
-3.02%
2025-09-10
Hackathon
Theta Network will host the BlockJam Hackathon during ThetaEuroCon in Berlin from September 7 to 11. Focused on AI and blockchain innovation, the event offers over $150,000 in prizes and incubator funding. Developers working in AI or blockchain are encouraged to apply. Selected top participants will receive complimentary conference passes and hotel accommodations covered by TEC. Applications are open via theta-euro.com/block-jam.
THETA
-4.14%
2025-09-10
11.31MM Token Unlock
Aptos un locks tokens at 10 AM UTC.
APT
2.48%
2025-09-10
Hackathon
Chiliz has launched the Hacking Tricolor hackathon in collaboration with Ethereum Brasil and São Paulo FC. The event runs from September 3 to 11, combining online and in-person formats. Participants will build fan token utilities and DeFi applications powered by the SPFC token. The final stage will be held at Morumbi Stadium on September 10–11.
CHZ
-3.02%
2025-09-10
MiAssets Auto-Migration Ends
Mitosis has concluded its Incentivized Migration Period. Remaining Expedition miAssets on external chains will automatically migrate to the Mitosis mainnet. The auto-migration process will close on September 11 at 00:00 UTC.
MITO
2025-09-10

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