NASDAQ Composite Index

NASDAQ Composite (^IXIC)

Property	Value
Category	macro
Unit	USD
Resolution	1d
Assets	BTC
Tier	Pro
API Endpoint	GET /v1/macro/markets
Field	macro_nasdaq_composite

Overview

The NASDAQ Composite Index (^IXIC) includes all stocks listed on the NASDAQ exchange (~3,000+ tickers), with heavier weighting toward technology, internet, and growth companies compared to the S&P 500. Sourced daily from Yahoo Finance. As a tech-heavy benchmark, it often leads broader equity market moves and serves as a higher-beta risk-asset proxy.

Interpretation

• NASDAQ outperforming S&P 500 signals strong risk appetite for growth/tech, typically positive for Bitcoin and crypto assets.
• NASDAQ underperforming S&P 500 suggests rotation into value/defensive names — often a headwind for speculative assets.
• High NASDAQ volatility tends to spill over into crypto markets, especially during Fed policy shifts.
• The index is more sensitive to interest rate changes due to growth stock duration, making it a leading indicator for discount-rate-driven BTC moves.

Use Cases

• Use alongside macro_sp500 to differentiate broad equity strength from tech-specific momentum.
• Combine with macro_ust_10y to track the growth-stock discount rate environment and its knock-on effect on crypto.
• Compare NASDAQ/BTC ratio over time to assess whether Bitcoin is acting as a tech proxy or as an independent asset class.
• Use during Fed tightening/easing cycles to anticipate risk-asset regime changes that affect BTC volatility.

API Usage

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/macro/markets?start_date=2024-01-01&end_date=2024-12-31&limit=365"