The past several weeks have been quite the negative turmoil for the cryptocurrency market, as it all started at the end of March. Interestingly, this coincides with a similar drop for the largest US-b...
Tag: Correlation
Sharing a 98% correlation with Bitcoin, can Shiba Inu hold its key support levels
The dog-themed token has been tumbling after striking the 23.6% Fibonacci resistance. Shiba Inu (SHIB) sellers have denied any substantial bull rallies by keeping the price below the constraints of it...
Bitcoin’s Shocking Stock Market Correlation Continues To Grow
Data shows Bitcoin has continued to become increasingly tied to the US stock market as the crypto’s correlation with Nasdaq reaches a new all-time high. Bitcoin’s Correlation With The Stock Market Con...
Bitcoin Needs to Reclaim $36K to Invalidate the Bearish Thesis, BTC’s Correlation with S&P 500 Hits ATH
Bitcoin (BTC) recently hit a 10-month low of $29K as more liquidation engulfed the market. Market analyst Ali Martinez believes a bearish picture is being painted in the BTC market because it has brok...
Cardano’s Hoskinson Claps Back at Terra’s Kwon Over ‘Negative Correlation’ Tweet
Cardano founder Charles Hoskinson took a swipe at Terra founder Do Kwon as the price of Terra’s Terra (LUNA) token crashed to $24 and the TerraUSD (UST) stablecoin depegged to $0.70 yesterday, before ...
Bitcoin correlation with the S&P 500 reaches a new all-time high
Bitcoin and its correlation with established asset classes have been explored for years by investors from a wide range of industries and backgrounds. Interestingly, as the flagship digital asset has b...
What this rising correlation between crypto & NFT prices can mean for investors
As per data presented by crypto reporter Colin Wu, the transaction volume of the Yuga Labs series has gone down, especially in the last 24 hours. He further mentioned in his tweet that Otherdeed, MAYC...
Not an Inflation Hedge: Bitcoin Showing Close Correlation With Stocks, Says Bank of America Analysts
Bank of America has released a report recently, questioning the status of bitcoin as an inflation hedge considering its recent correlation with the stock market. Two analysts from the Wall Street gian...
Ethereum Whale Transactions Climb As Correlation With S&P 500 Continues
Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. A...
ETH’s correlation to S&P 500 and ‘climbing’ whale transaction hint at…
The crypto market persisted in following the stock market closely over the years. In February, Ether, the second-largest cryptocurrency, moved in tandem with U.S. stocks like never before. Consequentl...
How the DOGE-Twitter correlation may play out in the future
Dogecoin’s whale transactions have recorded a near four-month high after recent announcements by supporter, Elon Musk. According to WhaleStats, Dogecoin is now in the top 10 by trading volume am...
Nasdaq has dotcom crash ‘deja vu’ says trader as Bitcoin correlation rises
Bitcoin (BTC) and its stock market correlation are under fresh scrutiny amid a warning that the Dotcom Bubble is repeating itself in 2022. In a tweet on April 22, popular trader Peter Brandt highlight...
Bitcoin: A new kind of ‘low’ after BTC’s correlation with tech stock hits fever pitch
After days of clinging to the $40k mark for dear life, it appears that Bitcoin is finally making a recovery. As if on cue, most of the top 30 cryptos also found their way into greener pastures. At pre...
Bitcoin’s 30-Day Correlation to Tech Stocks Reaches July 2020 Highs
Bitcoin’s 30-day correlation with tech stocks has climbed to its highest point since Jul 2020, and its correlation to the S&P 500 is also at high levels. This may pose a problem for the crypto mar...
Crypto Correlation With Gold, S&P 500 Increasing, Asset Class Going Mainstream
The crypto and legacy markets are increasing their correlation levels. The new asset class has been trading like a big tech stock for a while as the global markets seem to brace for the beginning of a...
Determining Bitcoin’s (BTC) Correlation to the Dollar Index
In this article, Be[in]Crypto takes a look at the price movement of Bitcoin (BTC), the dollar index (DXY), and the S&P 500 (SPX) to determine if they correlate with each other. S&P 500 SPX ha...
Record BTC-NASDAQ correlation downplayed by dip
The fears of a crypto crash are growing in the community with a bear run dominating the market. At press time, Bitcoin was trading at $39,986, down by about 2.15% over the last day. Ethereum, on the o...
Bitcoin Sell-Off Deepens as Correlation with Stocks Rise
In a Monday newsletter, FundStrat, a global advisory firm, wrote that macro uncertainty could outweigh LFG’s reserve purchases. “Following previous LFG purchases, we witnessed a rise in re...
Bitcoin: correlation with big tech is at an all-time high
The correlation of Bitcoin’s price trend with that of big tech stocks has risen to an all-time high. Bloomberg reveals this by showing a graph from which it can be seen that in recent days this corre...
Arthur Hayes Says Short-Term Correlation with Wall Street Could Take Bitcoin’s Price to $30K
Arthur Hayes also believes that Ethereum’s price could fall to $2,500. The gradual uptick in the price of prominent cryptocurrencies from last month appears to have cooled amid the development of new ...
Bitcoin, Ethereum correlation to big tech stock increases
Bitcoin (BTC) and Ethereum’s (ETH) price action has been similar to that of tech stocks since the end of the pandemic, Bloomberg News reported. According to the report, the 40-day correlation between ...
BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000. After a refreshingly low-volatility weekend, the latest weekly close saw market nerves r...
Correlation Between Bitcoin and Big Tech Stocks Rises to Record High Levels
The correlation between bitcoin and big tech stocks, as indicated by the Nasdaq 100 index, is increasing. Arthur Hayes also believes that could result in a drop in price for Bitcoin and Ethereum if bi...
Is the Dogecoin-Musk correlation losing its shine to better opportunities
If it wasn’t for Elon Musk, the crypto community wouldn’t have known Dogecoin very closely. The meme coin has witnessed its youthful days in the past. However, of late it has been losing its appeal to...
Ethereum Fee Has Dropped 90% Since Nov 2021, ETH Shows Stronger Correlation With S&P 500
The crypto market is closely watching developments around Ethereum 2.0 as it is set to introduce a major upgrade around June 2022. As we proceed towards ‘The Merge’ one of the key positive development...
Bitcoin & S&P 500 Show Close Price Correlation Following Q1 Conclusion
Both Bitcoin and the S&P 500 seem to have some correlation, very apparent as 2022’s first quarter concludes with both closing down. The correlation between leading crypto Bitcoin (BTC) and the S&a...
Bitcoin Price Shows Tightening Correlation with the S&P 500 Index – crypto.news
The BTC price failed to cement the $48k support on Thursday, leading to a major correction towards the $45.5k level. At the time of writing, bitcoin is circling the lower $45k zone as bears continue t...
Strong correlation between government corruption and crypto enthusiasm
The countries where crypto is most considered a good investment are also those with the most government corruption. What is the correlation between high crypto usage and government corruption? A recen...
The Correlation Between Google Search Trends And Bitcoin Price Explained
The Stats from Google Trends reveal that internet searches for Bitcoin prices can prove to help forecast major market movements to the upside. According to the reports of Semrush, a search engine mar...
Bitcoin Reaches New Peak Correlation Ratio With S&P 500
The alpha cryptocurrency has recently reached a new peak correlation ratio with S&P 500 (Standard & Poor’s) stock market index, an equity index maintained by Wall Street. The new correla...
Amazon Correlation Supports Collapse into Mid-April
In full disclosure, I’ve been bearish on Tesla for over a year – I think prices are grossly overvalued. Nevertheless, the trend is resilient, as TSLA stays above $800. AMAZON POST TECH BUBBLE COLLAPSE...
Bitcoin’s Correlation With S&P 500 Reaches 17-Month High
However many times Bitcoin has been called “digital gold,” the world’s largest cryptocurrency now appears to be mimicking something else: stocks. According to data tracked by crypto ...