Cryptocurrency Analysis and News Portal
You know things are weird when bitcoin is getting less volatile and stocks aren’t.After surging about a month ago during a frantic sell-off, the 30-day volatility of daily returns from the leading cryptocurrency has dropped in recent days, and is almost back to where it was before the panic started
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Looking at the chart below, it’s fair to say that Bitcoin has been on a rollercoaster over the past week. After trading as high as $7,470 last week, the cryptocurrency plunged, first to $6,900, then to $6,550 in a second wave. From the highs, BTC was down 13%.But, over the
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Since the lows that were in March, both Bitcoin and stocks across the world have mounted an objectively impressive comeback. The cryptocurrency managed to gain 100% from its $3,700 bottom last week, and stocks saw a rapid rally of 25% — with a portion of this rally being the most
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Bitcoin (BTC) price has again dropped below $7,000 and at the time of writing the digital asset is struggling to hold above $6,700. The sharp downside to a new weekly low at $6,575 occurred despite an exciting Easter Sunday, which saw Bitcoin price drop to $6,772, then abruptly rebound
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The S&P 500 Index on Monday recovered from its worst week since the 2008 financial crisis, lifted by hopes that the central bank would introduce stimulus programs to offset the economical slowdown caused by the growing Coronavirus pandemic. But the intraday recovery alone cannot guarantee a full-fledged bull run, according
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Gilead Sciences stock was one of just a handful of S&P 500 companies in the green on Monday. Investors are hopeful that remdesivir could be a treatment for the coronavirus GILD’s bounce is just a taste of the upside it could experience if it develops an effective treatment. As
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According to a new report by United States-based cryptocurrency exchange and wallet service Coinbase, Bitcoin (BTC) continues to outperform the world’s most popular stock indexes.Coinbase published its latest report on the day that the Bitcoin whitepaper turned 11 years old, claiming that BTC has outperformed tech stocks and the
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Fundstrat Global Advisors co-founder Tom Lee has stated that Bitcoin (BTC) is positively correlated with the S&P 500 market index and is not a hedge against macro turmoil.Lee voiced his opinion during an interview with industry news outlet The Block published on Oct. 1.Bitcoin moves according to macro factorsDuring
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Popular Bitcoin Bull and Fundstrat exec Tom Lee, has said that there is a correlation between the equity market and the Bitcoin market. Lee says that Bitcoin with reach a new all-time high after the S&P 500 stock does as well.The cryptocurrency market is purported to be a break from
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