Tuesday, February 27, 2024
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Bitcoin price more correlated to FTX developments than macro events: Research

The collapse of FTX and related developments did more to pull up or push down the price of Bitcoin (BTC) throughout Q4, compared to macroeconomic events such as rate hikes, according to research.In a “State of Bitcoin Q4 2022” report published on Feb. 10, Messari research analysts Sami Kassab and

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Goldman: Bitcoin, Altcoins to Become More Correlated With Traditional Financial-Market Variables

The recent pullback in the cryptocurrency market shows that mainstream adoption can be a “double-edged sword,” Goldman Sachs said in a report Thursday.Since November, the bank notes, the total crypto market cap has fallen around 40%. The slide is unique in that it was driven mainly by macroeconomic factors, that

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Is Bitcoin More Correlated to Stocks or Gold?

According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. Subscribe to Blockchain Bites, our daily update with the latest stories.SubscribeBy signing up, you will receive emails about CryptoX products and you agree

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Top 10 Coins More Correlated Than Ever, but Decoupling From Gold

Black Thursday has triggered two new trends in Bitcoin’s relationship with other cryptocurrencies and gold.Historically, cryptocurrencies have been highly correlated with one another, especially the top ones. The correlation between cryptocurrencies and gold has been traditionally weak.Source: KaikoTwo new trends emergeSince Black Thursday, two new trends have emerged: the

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Bitcoin (BTC) Continues to Be Positively Correlated with Equity Markets, Research Says

According to a report published by The Block, on March 28, 2020, premier cryptocurrency Bitcoin (BTC) continues to struggle to establish its “safe-haven” status amid the ongoing financial crisis courtesy of the devastating COVID-19 pandemic. Bitcoin “Safe-Haven” Status a Distant Dream? Launched in a bid to not allow an encore of the

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