Elevated Correlation Between Technology Stocks and Bitcoin: Temporary or Structural?
The correlation between the U.S. technology sector and Bitcoin has reached 0.81 over the past 30 days, placing it in the 88th percentile of the historical distribution. This is an extreme level, and the most surprising aspect is the speed at which we got here: +72 points in just three months.
Six months ago, this correlation was negative (-0.40). Bitcoin was moving in the opposite direction to tech, behaving more like a decorrelated asset or even a hedge. Today, that narrative is breaking down. Crypto and tech have become Siamese twins in institutional investors’ portfolios. And as long as tech remains under pressure, expecting Bitcoin to behave like a decorrelated “digital gold” is unrealistic.
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Analysis based on the KBMeter Correlation System. Data as of February 25, 2026. This information is provided for informational purposes only and does not constitute investment advice or a solicitation to invest.
