Bitcoin News Today: BITmarkets Study Finds Crypto Market Growth Defies Globalization, Bitcoin Tied to Tech Stocks, Not Gold

A recent analysis by BITmarkets, a cryptocurrency exchange, challenges the notion that economic globalization directly influences the growth of the crypto market. The study, titled “Globalization and the Crypto Market: Do They Influence One Another?”, reveals that while traditional globalization metrics have stagnated since the 2008 financial crisis, the cryptocurrency sector has expanded significantly. Bitcoin, the largest digital asset by market capitalization, exhibits growth patterns and correlations that diverge from conventional economic integration indicators.

Researchers examined three key globalization indices—the Trade Openness Index, the KOF Globalisation Index, and the Frankel Index—to assess their relationship with cryptocurrency development. The findings indicate no direct correlation between the degree of economic interconnectedness and the size or adoption rate of crypto markets. Instead, Bitcoin’s trajectory aligns more closely with technology stocks than with traditional safe-haven assets like gold. The study highlights a correlation of approximately 0.5 between Bitcoin and the Nasdaq index, compared to a mere 0.2 with gold, suggesting digital assets are increasingly viewed as speculative or tech-driven instruments.

“Our analysis shows that cryptocurrency markets are evolving independently of traditional globalization trends,” said Ali Daylami, Head of Data Analytics at BITmarkets. “This independence underscores the disruptive potential of digital assets, which are reshaping financial ecosystems beyond conventional economic frameworks.” The study notes that Bitcoin’s emergence coincided with the “slowbalization” period following the 2008–2009 crisis, a phase marked by the deceleration of global trade and investment. Despite—or perhaps because of—this shift, crypto adoption has surged, particularly since the 2020 pandemic.

Implications for financial institutions and investors are profound. The research suggests that cryptocurrencies may be establishing their own paradigms for value creation and risk management. Unlike traditional markets, which are often tied to geopolitical and trade dynamics, crypto markets operate under decentralized mechanisms that transcend national boundaries. This shift could redefine how capital flows, asset allocation, and regulatory frameworks are approached in the digital age.

As of July 2025, the total cryptocurrency market capitalization stands at $3.4 trillion, with Bitcoin retaining roughly 60% dominance. The study emphasizes that this growth has occurred amid a global economic landscape characterized by retreating globalization and rising protectionism. “Cryptocurrencies appear to be filling a void left by the stagnation of traditional economic integration,” Daylami added. “Their adoption by both retail and institutional investors highlights a growing appetite for alternatives to conventional financial systems.”

The findings invite a reevaluation of how financial markets are conceptualized in the 21st century. By demonstrating that digital assets operate on distinct trajectories, the BITmarkets study positions cryptocurrencies as catalysts for a new era of decentralized finance—one less reliant on geopolitical alliances and more attuned to technological innovation and global liquidity needs.