Cryptocurrency Analysis and News Portal
Bitcoin (BTC) wicked through $30,000 during June 9 as the Wall Street open revealed an ongoing stocks correlation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader sees "relief" from US CPI printData from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening to head lower as the S&P 500 likewise opened with modest losses.The
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Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&P 500 reached 0.65. Despite the brake anxious investors have put
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"This reflects BTC's increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and points to price turbulence ahead as markets digest the impact of further inflation and liquidity withdrawals," Noelle Acheson, head of market insights at CryptoX's sister concern
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Bitcoin (BTC) and its stock market correlation are under fresh scrutiny amid a warning that the Dotcom Bubble is repeating itself in 2022.In a tweet on April 22, popular trader Peter Brandt highlighted similarities between the Nasdaq 100 (NDX) now and twenty years ago."Deja vu all over again"Bitcoin has shown
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In a Monday newsletter, FundStrat, a global advisory firm, wrote that macro uncertainty could outweigh LFG's reserve purchases. "Following previous LFG purchases, we witnessed a rise in realized market cap as other [traders] followed LFG's lead," the firm wrote. "However, realized market cap has remained flat since this latest purchase,
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Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000.After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of April 10.There is a feeling of being caught
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The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to the highest level since October 2020. Original Source
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Data shows the Bitcoin correlation with S&P 500, and hence the stock market, has now set a new all-time high (ATH). Bitcoin Correlation With S&P 500 Reaches New High As pointed out by an analyst in a CryptoQuant post, the BTC correlation with the stock market is currently at an all-time high,
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In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it
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Bitcoin (BTC) passed $44,500 at the Wall Street open on Feb. 15 with traders compounding overnight enthusiasm.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewResistance attacks slowly formData from Cointelegraph Markets Pro and TradingView tracked local highs of $44,543 for BTC/USD on Bitstamp.Already up over 6% on the day, the pair saw a
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