Godfrey Benjamin Shiba Inu correlation with Bitcoin soars, and price is expected to show uptick in short term As the broader digital currency ecosystem veers toward a new bullish revival, on-chain dat...
Tag: Correlation
Bitcoin’s correlation with Nasdaq drops to 1-year low; Here’s what it means
The relationship between the stock market and the cryptocurrency sector has been a matter of interest for quite some time now, and recently the correlation between Bitcoin (BTC), the largest digital a...
Shiba Inu and Dogecoin Correlation Reaches Long Unseen Values
Arman Shirinyan Shiba Inu and Dogecoin correlating stronger than in past few months, data shows Contents XRP tired of being down Powell’s pushes crypto down In recent days, the price correlation...
Bitcoin [BTC], Gold, S&P 500 and a case of the widening correlation
Gold and S&P 500 showed signs of improvement as BTC’s price continues to struggle Correlation gap at its highest since the FTX crash, with the same contributed to by the Silvergate news Over time,...
Cardano (ADA) Correlation With Bitcoin Nears ATH, Here’s What It Means
Godfrey Benjamin Cardano’s correlation with Bitcoin explains what is fueling its downtrend It is not uncommon to find even the largest altcoins by market capitalization exhibit a strong correlat...
Crypto’s correlation with macro events, US equity markets is weakening, Bernstein says
Crypto prices are continuing to trade in a broadly similar range as the correlation with U.S. equities and macro events weakens, Bernstein analysts said. Crypto-related stocks opened higher on Monday,...
Shiba Inu (SHIB) Has Strongest Correlation With Uniswap (UNI) in Last 30 Days
Arman Shirinyan Shiba Inu is correlated with UNI more than with any other asset on market in last 30 days Shiba Inu (SHIB), a meme-inspired cryptocurrency that gained popularity in the crypto world ea...
Bitcoin Correlation With The S&P 500 Falls To FTX Collapse Levels, But Why?
Bitcoin over the years has shown an increasingly strong positive correlation with the S&P 500 and other major US stock market indexes. When the correlation weakens and turns negative, price movem...
Bitcoin and S&P 500 Correlation Turns Negative
In recent days, the largest traditional stock market index, the S&P 500 (SPX), has stopped correlating positively with Bitcoin (BTC). This situation occurred for the first time since the FTX colla...
Can Bitcoin price hold $24K as stocks correlation hits lowest since 2021?
Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Waiting for a bit ...
A look at the Bitcoin [BTC] correlation score and its essence for investors
There is a growing convergence between Bitcoin [BTC] and traditional stocks. Bitcoin’s correlation with DXY is, however, still at a divergence. After dropping for months beforehand, the price of Bitc...
Bitcoin breaks $24k – correlation seen with traditional assets trending downwards YTD
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Bitcoin Gold Correlation Hits 3-Month High
The relationship between bitcoin and traditional safe-haven asset gold has risen to a three-month peak as fresh capital in both begins to slow. Prices for bitcoin (BTC) and the yellow metal have decli...
Bitcoin’s top and bottom correlation with gold, the S&P 500, and US property
Ad Data analyzed by CryptoSlate showed a degree of relationship between Bitcoin tops and bottoms in relation to those of gold, the S&P 500, and the S&P Case-Shiller Home Price Index (CSHPI). B...
The Fed made the expected 25bps hike, both gold and Bitcoin surged on the news – highest correlation in 6 months
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Why Tightening Correlation With S&P 500 Could Be Bullish For Bitcoin
The correlation between the S&P 500 and Bitcoin is only increasing, inching closer to reaching levels where in the past the cryptocurrency strengthened. Meanwhile, the S&P 500 just closed its...
Bitcoin can still crack $50K if gold correlation continues — Chart
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 prese...
U.S. Treasurys at ‘critical point’: Stocks, bonds correlation shifts as fixed-income market flashes recession warning
Bonds and stocks may be getting back to their usual relationship, a plus for investors with a traditional mix of assets in their portfolios amid fears that the U.S. faces a recession this year. “The b...
Bitcoin and gold have highest correlation in over a year, as gold approaches its all time high
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Prices of gold and Bitcoin: is there a correlation?
We often hear Bitcoin referred to as “digital gold,” but does its price really correlate with that of gold? Analysis of the price of gold and Bitcoin Over the long term it seems not, but there are in...
Bitcoin Correlation With Nasdaq Now Lowest Since Dec 2021
Data shows that Bitcoin’s correlation with Nasdaq has fallen to the lowest since December 2021 as BTC continues its strong momentum. Bitcoin’s 30-Day Correlation With Nasdaq Plunges To Just 0.29 Accor...
Bitcoin Stocks Correlation Surges After Decoupling from Wall St Amid FTX Drama
While the BTC price cratered over Alameda-FTX and Genesis-Gemini news, it decoupled from the S&P 500 Index and NASDAQ Composite. But after crypto exchange markets priced in the news, they were rea...
Ethereum Ends 2022 With ATH Correlation To Bitcoin
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-e...
Bitcoin’s Correlation With Other Risk Assets To Watch For In 2023, Report Suggests
A report suggests that Bitcoin’s correlation with other risk assets could be relevant going forward into the next year. Bitcoin Moved Tightly With US Stock Market During Last Week’s Volatility Accordi...
Crypto Markets Show Extreme Correlation As Prices Remain Stuck Sideways
Data shows the crypto market has been extremely correlated recently as prices have been stuck in perpetual sideways movement. Crypto Market Correlation: Altcoin Indexes And Bitcoin Register Similar Re...
Bitcoin, QQQ Correlation Dips to Lowest Level in More Than 3 Years
Bitcoin has decoupled from Investo’s QQQ Trust, suggesting the cryptocurrency’s days of trading virtually in tandem with Big Tech stocks may be in the past — at least for now. Bitcoin’s 30-day c...
Crypto Market Back To High Correlation As All Indexes Closely Follow Bitcoin
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 R...
Bitcoin Moves Differently From US Stock Market, Correlation Weakening?
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 M...
Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse
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Bitcoin, Nasdaq and S&P 500 correlation
After a brief period of non-correlation between BTC, Nasdaq, and S&P 500, there is a return to similar movements in anticipation of the data on 10 November on the U.S. CPI and the US mid-term elec...
Is Bitcoin Still Hedge Against Inflation? BTC Markets Correlation
Cryptocurrencies are becoming increasingly dependent on the macroeconomic environment of which they inevitably become a part. Unfortunately, current inflation rates in the United States, Europe, and m...
SHIB Price Jumped 7.5% as DOGE Correlation Broke Down, This Is What Happened
Gamza Khanzadaev Shiba Inu surges 7.5% and breaks correlation with Dogecoin while it is trading in red zone SHIB’s quotation broke away from DOGE and, trading in a negative correlation to the &#...