Cryptocurrency Analysis and News Portal
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities. As of 09:35 UTC, the leading cryptocurrency by market value is trading at $9,190, representing a 1.4% gain on a 24-hour basis, according to CryptoX’s Bitcoin Price Index. Meanwhile, major European equity indices are up
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Bitcoin (BTC) begins a new week testing increasingly weak $9,000 support, but what factors could make or break price performance?Cryptox Markets takes a look at the main things traders should focus on in Bitcoin for the coming five days. Stocks recover led by China Stock market futures showed a mixed but overall
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Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.The stock market has been seeing an intense recovery, and its momentum appears to be picking up
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Bitcoin (BTC), in fact, crushed stock markets during the Covid-19 recovery with equity “growth” simply down to inflation, fresh data argues.Charts showing stocks denominated in gold and Bitcoin in 2020 show that far from having their best quarter in ten years, markets had no “recovery” at all.“It’s all inflation”The perspective
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Bitcoin has formed a “Death Cross” pattern on its daily chart as price slips ahead of the New York opening bell.The cryptocurrency’s 50-day simple moving average today closed above its 20-day exponential moving average.The pattern surfaced as the U.S. futures signaled a negative session ahead. Bitcoin and the S&P 500
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American Airlines will sell new shares that are more than 10% of the current number of outstanding shares.The largest U.S. airline by employees will see its debt reach nearly $40 billion in the new financing initiative.The move comes less than two months after Warren Buffett announced he had dumped airlines.After
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Ray Dalio claimed “cash is trash” in late January just before markets tanked 30%. Now, with stocks back near all-time highs, he’s calling for a “lost decade” in stocks. While he may be right over the next few months, a lost decade seems unlikely. 2020 has been a humbling year for professional money
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Stocks are up on fresh government stimulus expectations but when it comes to bitcoin, things are uncertainty in the near term. Bitcoin (BTC) was trading around $9,500 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. At 00:00 UTC on Tuesday (8:00 p.m. Monday
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Bitcoin clocked highs near $9,600 this morning, having trapped bears on the wrong side of the market with a brief dip below $9,000 on Monday. Analysts say a risk reset in the traditional markets fueled bitcoin’s rise from $8,900 to $9,580 in the last 24 hours. “Bitcoin has regained poise, possibly
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Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash.The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent.Sebastien Galy, a strategist at Nordea Asset Management, noted
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