Alex Dovbnya Bitcoin’s correlation with U.S. stocks remains consistently high even after most recent drop According to Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., t...
Tag: Correlation
Could Stocks and Bitcoin Be Losing Their Correlation?
Many people are wondering if the prices of bitcoin and Ethereum are still correlated with the stock market. Some have been taking note of the unique price patterns that have been witnessed throughout ...
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at Bitcoin (BTC) as a safe haven, a new study suggests. The rise in the correlation between Bitcoin and gold (X...
Bitcoin, Gold correlation nears 1 over past year, indicating a bottom
Bitcoin (BTC) adoption has increased, and the largest cryptocurrency has become less risky as its correlation rate with gold reached 85% in the past year, which signals that a BTC price bottom could b...
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists – Finance Bitcoin News
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been corr...
Bitcoin correlation with gold hits 40-day high as battle for safe haven asset intensifies
For years, Bitcoin (BTC) proponents have maintained that the crypto is in line to become a safe haven asset and a hedge against inflation with the possibility of replacing gold. Notably, the reality ...
Bitcoin Correlation With Macro Remains Strong, Despite Stability
The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equit...
Bitcoin Could Reduce Its Correlation With the Stock Market – Predicts Analyst
Given the anticipation of further aggressive rate hikes from the Fed and a stronger US dollar, the CPI came in at 8.2%, and the price of bitcoin dropped to $18,190 as expected. But the price of BTC ra...
Bitcoin, Ethereum, Uniswap Gains In Correlation To Stocks
Crypto Price Today Oct 14 Latest Updates: The crypto market continues a market-wide recovery on Friday, with crypto prices including Bitcoin and Ethereum rising almost 4%. The crypto market rebounds i...
Bitcoin News: The Correlation Between Gold and Digital Gold Getting Better
Analysts were keeping eyes on correlation between Bitcoin (BTC) and US stocks for quite long as it remained in tandem. Looking at the current trends, the relation seems to become old talk as the new r...
Bitcoin and gold correlation reaches yearly highs
Join Our Telegram channel to stay up to date on breaking news coverage The correlation between Bitcoin and gold has taken a turn. Investors are currently avoiding the two assets amid increasing intere...
Bitcoin and Gold Correlation Spikes to Yearly Highs
Investors are currently fleeing bitcoin and gold amidst a strengthening US Dollar and rising interest rates. This has negatively impacted both – the world’s largest crypto and the precious metal. As a...
Bitcoin: Assessing the impact of BTC’s correlation with traditional markets
No thanks to the worsening macroeconomic conditions, the cryptocurrency market was severely beaten down in the last quarter, a new report from Cryptorank (an analytics platform) showed. Following the...
Investors Flee Gold and Bitcoin, Pushing Correlation to New 12-Month High
Bitcoin’s correlation with gold has just hit its highest level in the last 12 months this week, as investors have been lured by a strong dollar amid rising interest rates. While Bitcoin has long been ...
Bitcoin Records Highest Level of Correlation With Gold in a Year
Bitcoin’s (BTC) level of correlation with gold has recently hit a yearly high, according to a Tuesday blog post by crypto market data provider Kaiko. The report noted that compared to the past year, t...
Bitcoin’s correlation with gold reaches highest level in over a year
For a long time, the correlation of major cryptocurrencies such as Bitcoin (BTC) with established asset classes has been studied by traders and investors, including its correlation with gold, which ha...
Bitcoin’s Correlation with Gold Price Hits Yearly High
Bitcoin and Gold reached a monthly average correlation of 70%, which is an all-time high. The previous peak was 60%, which was reached earlier in the second quarter of 2020. It indicates that investor...
Data hints at correlation between the S&P 500 now and during the 2008 collapse
Over the last month, the S&P 500 index, an index of the US 500 largest companies, lost over 8% as mounting pressures from inflation and rising rates are causing investors to abandon risk assets. ...
Chainlink (LINK) Breaks Negative Correlation with Crypto Market, Moves up Independently
Chainlink’s most recent price performance shows that the asset is not looking back at other cryptocurrencies and moves on the market independently. In the last seven days, LINK gained almost 20% to it...
Bitcoin Skyrockets As Stock Market Crashes, Is It Breaking Correlation
The crypto market is experiencing a surprise bounce. Bitcoin has rallied from the $18K-$19K range to cross the $20K mark. It has increased by over 5% in the last 24 hours and is currently trading at $...
ETH’s correlation to the Nasdaq creates problems for crypto-native traders
Correlation between ether (ETH) and the Nasdaq composite is closing in on highs reached in May of this year, affecting crypto-native traders. The high correlation between ether and the Nasdaq has made...
Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’
Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative...
Bitcoin (BTC) Can Fall Another 20% Due to Its Correlation With S&P 500
Following the higher-than-expected CPI inflation data on Tuesday, Bitcoin and the broader crypto market witnessed a sharp fall. Currently, Bitcoin is trading at 8.4% over the last 24 hours holding jus...
Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets
“Bitcoin has behaved similarly to tech stocks, albeit with some idiosyncratic events, namely forced selling by large institutions like Three Arrows Capital,” he told CoinDesk in a written note. “There...
Crypto volatility may soon recede despite high correlation with TradFi
After forging a minor recovery of sorts earlier this month, the crypto market has returned to exhibiting high levels of volatility over the past two weeks. This trend has pervaded the market since lat...
IMF says the correlation between Bitcoin and Asian equity markets has increased
Before the COVID-19 pandemic, the correlation between Bitcoin, Ether, and financial markets was generally low. However, after the pandemic, crypto assets have performed in a manner that reflects the p...
Bitcoin and Asian Equity Markets’ Return Correlation Increased 10x Over Pandemic: IMF
Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog ...
Ethereum’s correlation with S&P500 could mean this for your portfolio
In the past few years, the cryptocurrency market has shared a close correlation with the stock market. For instance, in February, it was reported that the leading alt, Ethereum [ETH], started to move ...
Correlation between crypto and equity markets
The IMF said in recent days that the crypto market has begun to correlate with the stock market in India, Vietnam, and Thailand, and this may continue to spread to the global stock market. The cryptoc...
Not Bitcoin, But This Altcoin Shows Greater Correlation to S&P 500
Over the last week, Bitcoin (BTC) and the broader crypto market have come under selling pressure. This happens as the global macro conditions continue to remain jittery with an expected rate hike by t...
Why Bitcoin And Ethereum Saw A Spike In Correlation With Asian Equities
The International Monetary Fund (IMF) published a study on the spike in positive correlation with Bitcoin (BTC), Ethereum (ETH), and Asian equities. The financial organization claims digital assets be...
India’s crypto and equities correlation has spiked 10-fold since pandemic
The International Monetary Fund (IMF) has observed that the correlation between the cryptocurrency market and India’s equities has surged tenfold since the onset of the pandemic. The agency highlight...