Bitcoin, Metals, And Equities “Will Fly” If Dollar Downtend Deepens
The dollar’s impact on markets in 2020 cannot be overstated. Its weakness and decline in the face of
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Equities
First Mover: Bitcoin’s Recent Stability May Come from a Fleeting Correlation With Equities
Few investors ever get into bitcoin hoping for stability, but over the past eight or so weeks that’s pretty much what they’ve got. Since the start of May, bitcoin’s price has rarely strayed outside its $9,000 to $10,000 range. Occasions where it has crossed the $10,000 boundary, or sunk beneath $9,000
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The Fed’s Balance Sheet & Stock Market Correlation Reveal a Disturbing Trend For Equities
The U.S. stock market fell over 6% after the Fed’s balance sheet started to contract. The correlation leaves equities vulnerable to a steep correction if the Fed slows down its asset purchases. The addition of 30,000 new virus cases in the U.S. on a single day may put even more pressure on
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JPMorgan: Bitcoin’s Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold
JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.”In a new report entitled “Cryptocurrency takes its first stress test: Digital
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Market Wrap: May Opens With Equities Lower While Bitcoin Steady at $8.7K
While traditional markets started the new month with a sell-off, bitcoin is holding its own. Bitcoin (BTC) was trading up 1.2% over 24 hours at $8,728, with 10-day and 50-day technical indicator moving averages continuing to signal sideways sentiment Friday. A slight price rally to $9,000 took place at around 12:00
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Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red
After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time to the downside, as the digital asset dropped 8.72% to a daily low at $6,068. The move somewhat mirrors the performance of traditional markets, which also closed
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Paxos, Credit Suisse Claim First Blockchain-Based Settlement of US Equities
New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities. Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on
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