Location: Vilnius, Lithuania, Date: July 22nd, 2025, Channel: Chainwire
A new research study by cryptocurrency exchange BITmarkets, which challenges conventional assumptions about global economic integration and digital assets, has found no direct correlation between the degree of economic globalization and cryptocurrency market development. Bitcoin in particular has shown resilience and growth patterns that do not align with traditional globalization patterns. A comprehensive study by BITmarkets' analytical department, titled βGlobalization and the Crypto Market: Do They Influence One Another?β, was presented to the crypto exchangeβs community in July 2025.
Other key insights include:
Born During βSlowbalizationβ: Bitcoin emerged in the aftermath of the 2008β2009 financial crisis, coinciding with the beginning of what economists call the βslowbalizationβ period.
Tech Stock Correlation: Bitcoin shows a stronger correlation with the Nasdaq index (approximately 0.5) than with gold (just above 0.2), suggesting it behaves more like a technology stock than a traditional store of value.
βWe examined three major globalization metrics to find common ground between globalization and cryptocurrency. Our analysis found that while globalization has stagnated since the 2008 financial crisis, even showing signs of retreat in recent years, the cryptocurrency market has experienced unprecedented growth during this period and thereafter,β said Ali Daylami, Head of Data Analytics at BITmarkets. βThis suggests that digital assets are evolving as a truly disruptive force, developing independently of traditional economic integration patterns.β
The study analyzed multiple globalization metrics, including:
Trade Openness Index
KOF Globalisation Index
Frankel Index
On the cryptocurrency side, researchers focused on Bitcoin due to its longest historical track record and dominant market share. Bitcoinβs price activity, adoption trends, and market capitalization were studied and analyzed in detail.
The research findings have significant implications for how financial institutions and investors alike should view cryptocurrency markets and their development in relation to global economic trends.
βThe data shows that cryptocurrencies may be carving out their own path in the global financial ecosystem,β Daylami explained. βRather than following traditional measures of economic development tied to globalization, digital assets appear to be creating an alternative financial infrastructure that transcends conventional economic boundaries.β
The study comes at a time when the total cryptocurrency market capitalization stands at approximately $3.4 trillion USD, with Bitcoin maintaining around 60% of cryptocurrency market dominance. The research suggests that this growth has occurred despiteβor perhaps precisely because ofβthe slowdown in traditional globalization.
The analysis also found that while globalization peaked around 2008β2009 and has since stagnated, particularly following the COVID-19 pandemic, cryptocurrency adoption has accelerated among both retail and institutional investors.
Full study is available at BITmarkets.com.
BITmarkets is a cryptocurrency exchange that offers 24/7 support in more than 17 languages. Traders can engage in trading over 200 cryptocurrencies, as well as gain access to daily market updates and diverse educational materials. Security is a top priority at BITmarkets, with 99.9% of client funds held in cold storage. BITmarkets continues to reshape the way digital assets are used by both retail and institutional clients, focusing on making cryptocurrency more accessible, straightforward, and better connected to the broader financial world. Learn more about BITmarketsβ license and regulatory framework, and for general information, visit www.bitmarkets.com or the exchangeβs listing on CoinMarketCap.com.
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