2020-2-20 20:26 |
Bitcoin is frequently referred to as digital gold but data shows XRP has a stronger correlation to gold in 2020
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For a large part of 2019, Bitcoin had an unlikely companion. The digital gold saw a remarkable correlation with tangible gold as the two stores of value saw like-for-like movement. While this brotherhThe post Bitcoin turns the tide among macroeconomic competitors appeared first on AMBCrypto.
2020-2-19 20:30 | |
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Bitcoin’s correlation with Gold reached a record high at the heights of the US-Iran tensions earlier this year. As both the assets rose in tandem against the gloomy geopolitical sentiment, leading experts said the cryptocurrency is behaving like a safe-haven asset.
2020-2-13 17:00 | |
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After a strong start to the year, Bitcoin, the world's largest cryptocurrency, has continued to take positive strides. Bitcoin pumped its valuation from under $7400 to $8895 from 5th to 14th JanuarThe post Bitcoin's correlation to gold depends on better reaction to macro-economic info appeared first on AMBCrypto.
2020-1-16 03:30 | |
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Last week, the tension between the US and Iran that rose resulted in Bitcoin showing signs of being “digital gold. ” It all started with the announcement of the Iranian general Qassem Soleimani’s death.
2020-1-14 20:21 | |
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Bitcoin and Gold are dancing to the same tune once again. The long-held claim of Bitcoin being the digital equivalent of gold was strengthened earlier this month with the correlation between the crThe post Bitcoin and Gold correlation skyrockets to 3-year high on US-Iran conflict appeared first on AMBCrypto.
2020-1-11 19:00 | |
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The term digital gold was coined a few years ago to describe Bitcoin, but it has only really become pertinent this year following a strong price correlation with the precious yellow commodity. Recent events have strongly highlighted this correlation as BTC prices have moved in tandem with other traditional store-of-value assets.
2020-1-12 14:10 | |
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Recent analysis from Cointelegraph Markets shows correlation between gold and Bitcoin prices are not conclusive
2020-1-12 04:16 | |
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The correlation between gold and bitcoin has reached its highest levels since August 2016, according to a new study. Arcane Research, a cryptocurrency-focused data analysis firm, noted a steep direct proportionality between the two rival assets.
2020-1-10 16:57 | |
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Over the past two weeks Bitcoin (BTC) has formed an uncanny correlation to traditional safe haven assets like Gold, with its price rising as tensions within the Middle East region began building earlier this month and falling when these tensions showed signs of decreasing.
2020-1-9 19:25 | |
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Ikigai’s Travis Kling looks at BTC's correlation to gold and crude in response to Iran missile strikes, plus SEC priorities and Congressional intrigue.
2020-1-9 23:00 | |
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It’s not only the Bitcoin that is seeing red. The world’s leading cryptocurrency has been on a downtrend for a month now, ever since BTC surged 42% in late October. But this move got further propelled downwards on Nov.
2019-11-26 19:20 | |
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In times of recession and/or financial instability, both Bitcoin and gold have been described as safe-haven investments that act as a hedge against the traditional financial markets. However, while the demand for gold has historically increased during unstable times, Bitcoin has only existed in newer generations — thus, there is insufficient data to make the […] The post Bearish Bitcoin and Gold Price Correlation Noted by Analyst appeared first on BeInCrypto.
2019-10-31 21:34 | |
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Bitcoin is lauded as an “uncorrelated asset” in terms of how it performs compared to popular stock indices like the S&P 500 and other traditional financial markets. Recently, Bitcoin had shown some correlation with gold, strengthening the safe haven narrative that has been at the forefront of 2019.
2019-10-11 23:00 | |
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Litecoin, the silver to Bitcoin’s gold, had recently gone through the block halving event, resulting in extreme price swings. The cryptocurrency market, in general, is highly correlated, with most crypto assets following Bitcoin’s price movements.
2019-10-4 23:37 | |
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Bitcoin (BTC) is often described as “digital gold”, but it could soon be described as “digital bonds. ” New data suggest an interesting relationship developing between Bitcoin and the yields on government-issued debt.
2019-9-25 17:54 | |
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Bitcoin and the rest of the market is surprisingly linear today, with many altcoins registering modest gains as BTC remains range-bound. Ethereum and XRP in particular are showing strong gains. How correlated is the crypto market? As experts debate the correlations between Bitcoin and gold versus the stock market, it’s interesting to look at […] The post Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise. appeared first on Crypto Briefing.
2019-9-18 18:42 | |
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Bitcoin has gone through a near-impossible feat of convincing global investors about its worth as the rightful replacement of gold, which has also led some to believe that “the demand for gold is adversely affected by the success of cryptocurrencies.
2019-9-3 00:30 | |
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Even with the ongoing fluctuation in the price of Bitcoin [BTC], a lot of investors are looking forward to investing in the king coin due to the growth in its market cap over the past few months. With coin movements growing more significant by the day, more and more traders are now getting into the […] The post Bitcoin’s correlation to gold continues to rise as market cap holds steady appeared first on AMBCrypto.
2019-8-21 21:30 | |
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After entering a month-long lull, the Bitcoin (BTC) price has begun surging yet again. As of the time of writing this, the cryptocurrency is trading at $12,000, having managed to reclaim that key level after some tumult.
2019-8-8 14:00 | |
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The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U. S. and China that have escalated the trade war into a full-fledged currency war.
2019-8-8 03:00 | |
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The correlation between Bitcoin and physical gold has almost doubled in the past three months, fresh data from Bloomberg reveals
2019-8-8 14:27 | |
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Much of the conversation surrounding Bitcoin and Switzerland in recent days is focused on the cryptocurrency showing price correlation between it and the country’s native fiat currency, the Swiss franc, which is often viewed as a “safe haven” asset for investors alongside gold and the Japanese yen.
2019-7-6 04:01 | |
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Bitcoin & Gold in Lockstep Over the past few months, the Bitcoin (BTC) price trend has been eerily similar to that of gold. While some have cast aside this correlation as a pure coincidence, citing.
2019-7-5 05:00 | |
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In a world where traditional assets are widely affected by macroeconomic and global political scenarios, people are found investing in safe-haven assets like Gold or Bitcoin and other assets for storing value.
2019-7-3 18:00 | |
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Bitcoin and Gold have had a complex relationship in terms of their markets. The precious metal has often been seen as a safe haven for investors in start contrast with the high risk, and high. . .
2019-6-7 13:54 | |
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Bitcoin has shed $1,400 over the last seven days, contradicting gold's 5.4 percent price rise to the highest since February.
2019-6-6 20:00 | |
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The recent spike in the price of Bitcoin [BTC] has had ripple effects well beyond the cryptocurrency industry. With commodities, social media giants, telecommunications, and even every-day retail outlets like Starbucks and Whole Foods adopting digital assets, one industry plays fickle.
2019-5-29 18:00 | |
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Correlation Between Bitcoin And Gold Reaches Its Largest Spread In Over A Year Gold has been performing in a different way compared to Bitcoin (BTC) in the last few days. Bitcoin continues to expand and grow while gold is down 6 percent since February.
2019-5-3 20:43 | |
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Correlation isn't causation, but it looks like gold's fall is driving bitcoin prices up.
2019-5-4 16:00 | |
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Bitcoin Correlation With Gold Near Its Highest Point In A Year Back in late December 2018, a Wall Street Journal (WSJ) article suggested that Bitcoin has a high correlation with the traditional assets markets.
2019-3-27 19:26 | |
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Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset.
2019-3-21 16:13 | |
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Bitcoin traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices.
2019-1-23 14:00 | |
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What’s exactly the correlation between Bitcoin and the stock market and gold? Martin D. Weiss of Weiss Ratings talks about just that in his latest blog. Weiss discusses the scenario of a decline in the stock market to be expected to begin in April and its effect on the crypto market. Cryptos Are A Risk-On […]
2019-1-18 22:44 | |
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In general, Bitcoin (BTC) has always been considered as a non-correlated asset in the market. Its price was usually guided by other forces that traditional markets did not follow. However, in a recent report shared by The Wall Street Journal (WSJ) Bitcoin is becoming more correlated to assets such as Gold. In order to understand […]
2018-12-29 21:48 | |
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A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets.
2018-12-29 02:00 | |
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It seems that Bitcoin (BTC) has a stronger correlation with gold than previously supposed. According to an article released by The Wall Street Journal (WSJ), Bitcoin had a strong correlation with gold in the last few days.
2018-12-29 23:39 | |
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A Wall Street Journal has suggested that Bitcoin’s correlation with “traditional” assets markets has been high, as mainstream capital continues to enter the crypto space
2018-12-29 19:12 | |
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Prices on Wall St and crypto moved almost in tandem again this week when both suffered their worst 24-hour performance for months. The S&P index and BTC/USD were both shaved of over 5% between late Wednesday and Thursday and still no sign of bitcoin behaving like 'digital gold'.
2018-10-13 19:00 | |
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In a recent discussion on the Modern Wall Street show, 4 speakers; Stephen Guilfoyle (founder of Sarge986 LLC), Jim Rickards (The Death Of Money’s author), with 2 economists, Douglas Borthwick and David Williams came together to talk about “the gold market and its correlation with cryptocurrencies,” most especially Bitcoin.
2018-9-25 00:04 | |
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“Uncanny Pattern Resemblance” Since Bitcoin’s inception a decade ago, many have likened this decentralized digital asset to gold, with some dubbing Satoshi’s brainchild as a form of “digital gold.
2018-9-9 02:40 | |
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The narrative of Option2Trade’s (O2T) emergence and rally amidst the stagnation of traditional favorites like Shiba Inu (SHIB) and Pepecoin (PEPE) provides valuable insights into the changing preferences and dynamics of the cryptocurrency market.
Algorand ALGO started this month bearish but later found solid ground. However, it has recovered nicely following a notable surge in the past week. It currently appeared strong and set for a new bullish phase.
Following the latest bounce back across the crypto space, Bitcoin Cash BCH increased by over 50% in the past week and broke out of a key level yesterday. The trend looks bullish and ready for a stronger rally.
Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors.
ETH price is trading at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900.
CME Bitcoin futures hit a two-year high, but options market data reflects investors’ hesitancy.
The meme tokens’ competition is just beginning. Investors have a day and hours to buy Shiba Memu (SHMU) tokens. After this, the meme space will have a new challenger with a new AI angle, SHMU.
