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Bitcoin Largely Remains Uncorrelated to Stock Market, Crucial Data Shows

Bitcoin has shown some signs of being correlated to the stock market over the past few months, especially during times of bear-favoring turbulence This correlation, however, does not appear to be as striking as it seems, as data suggests that its macro-correlation to most traditional assets remains incredibly low One analyst explains that it has moved in tandem with other assets during sharp declines due to the crisis nature of some of these selloffs That […] дальше »

2020-6-18 02:00


Bitcoin and S&P 500 Cointegration has Trillions of Money Dripping Down into BTC

Bitcoin is back to trading around $9,500 after experiencing volatility earlier this week and last week before that. Bitcoin’s losses and gains have been in line with the US stock market which also posted gains on the hopes that the decision by the Federal Reserve to buy corporate bonds would propel a V-shaped recovery. The […] дальше »

2020-6-17 15:37


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Current Bitcoin Whale Population Looks Exactly Like September 2017, Just As BTC Ascended To $20K

Over the last few days, bitcoin’s price action has been quite dramatic. On June 15, the bellwether cryptocurrency tumbled below $9k alongside the US stock market which also took a dive. A few hours later, however, the cryptocurrency rebounded to as high as $9,500 after the Fed announced it will begin purchasing individual corporate debt. […] дальше »

2020-6-17 14:26


Bitcoin Passed its First Stress Test & Turned Out More Resilient than Other Asset Classes: JPMorgan Report

Bitcoin took its first test and has got “mostly positive” results, according to JPMorgan Chase & Co. This test was the sell-off in March when the price of bitcoin crashed more than 40% just like many other markets — stock market, bonds, and gold — as economies shut down and investors fled riskier assets in […] дальше »

2020-6-14 20:14