Cryptocurrency Analysis and News Portal
As a trader, it’s important to understand the various factors that can influence the price of an asset. For those interested in Bitcoin, it’s worth considering the potential relationship between the cryptocurrency and the DXY, a popular index that measures the value of the US dollar against a basket of
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Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts.In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD.Gold, Bitcoin inverse dollar correlation “without question”As the debate over
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Data shows Ethereum’s year of high correlation with Bitcoin is coming to an end with the metric hitting ATH values. Ethereum Ends 2022 With All-Time High Correlation To Bitcoin According to the year-end report from Arcane Research, the global markets have all fallen strongly correlated this year. The “30-day correlations” is an
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Over the past week, the correlation between the red metal and cryptocurrency has grown tighter, which bodes well for investors. But a strengthening U.S. dollar may suggest a less rosy future. Original Source
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Data shows the crypto market has become highly correlation again in the past week as all indexes have been closing following Bitcoin. All Market Cap Weighted Crypto Indexes Have Been Moving Together Recently According to the latest weekly report from Arcane Research, the 30-day ETH-BTC correlation now has a value of 0.95. To
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Data shows while Bitcoin has been correlated with the US stock market for some time now, the two haven’t moved in tandem recently. Bitcoin Correlation With US Stocks May Be Weakening As BTC Has Been Moving Differently As pointed out by an analyst in a CryptoQuant post, BTC has gone down in
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Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at Bitcoin (BTC) as a safe haven, a new study suggests.The rise in the correlation between Bitcoin and gold (XAU) is one of the major indicators demonstrating investors’ confidence in BTC amid the ongoing economic downturn, according to digital
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The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the
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The CoinDesk Market Index fell by 1.6% over the past 24 hours. Bitcoin (BTC), the largest cryptocurrency by market value, was down 1.7%, changing hands in a range between $19,300 and $19,700. Ether (ETH), the second-largest by market capitalization, followed a similar trajectory, down 2% to about $1,300 as of
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