According to a research report by New York Digital Investment Group (NYDIG), Bitcoin broke away from major assets in the fourth quarter of 2024 and outperformed all asset classes, gaining more than 47% in Q4 and nearly 120% for the entire year. This came after correlations with equities, gold, and the US dollar were undone by a late-year price surge. The report suggests that the rise of Bitcoin ETFs, which are attracting traditional market investors, is changing correlations and making Bitcoin more appealing as a non-sovereign issued store of value. NYDIG credits President-elect Trump's victory in the US election as the main driver for Bitcoin's surge to new highs. However, Bitcoin's price has since retreated and is currently trading at around $99,600.



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