Bitcoin (BTC) continues to show volatility while trading in a closed range between $30,000-$35,000. At press time, Bitcoin is down 3.88% trading at $33,142 with a market cap of $620 billion. As BTC continues to trade under pressure, it has now entered into a negative correlation with the S&P 500 (INDEXSP: .INX) index. As a
Bitcoin (BTC) continues to show volatility while trading in a closed range between $30,000-$35,000. At press time, Bitcoin is down 3.88% trading at $33,142 with a market cap of $620 billion. As BTC continues to trade under pressure, it has now entered into a negative correlation with the S&P 500 (INDEXSP: .INX) index. As a
Bitcoin (BTC), the world’s first digital currency has notably outperformed other institutional assets in the first quarter of 2021. The ongoing parabolic run in the price of the cryptocurrency, though, has reignited the talks of it being a bubble amongst the coin’s critics, has endeared it more to institutional investors, some of whom are using
Bitcoin (BTC), the world’s first digital currency has notably outperformed other institutional assets in the first quarter of 2021. The ongoing parabolic run in the price of the cryptocurrency, though, has reignited the talks of it being a bubble amongst the coin’s critics, has endeared it more to institutional investors, some of whom are using
Bitcoin has soared past $23,000 price to set yet another yearly high of $23,586 early morning on Thursday extending its price gains to over $3,000. The top cryptocurrency is on a record spree since yesterday morning seeing its price surge from around $19,100 to over $22,000 by end of the day registering one of its
Bitcoin has soared past $23,000 price to set yet another yearly high of $23,586 early morning on Thursday extending its price gains to over $3,000. The top cryptocurrency is on a record spree since yesterday morning seeing its price surge from around $19,100 to over $22,000 by end of the day registering one of its
The correlation between Bitcoin [BTC] and gold is at an all-time high. Moreover, looks like the de-coupling with the S&P 500 has happened completely as well. Bloomberg Intelligence: Bitcoin-Gold 52-week correl (0.43) at all time highs: pic.twitter.com/ci1y1ngMQr — light (@LightCrypto) June 9, 2020 The important point to understand here is why the S&P correlation held
The correlation between Bitcoin [BTC] and gold is at an all-time high. Moreover, looks like the de-coupling with the S&P 500 has happened completely as well. Bloomberg Intelligence: Bitcoin-Gold 52-week correl (0.43) at all time highs: pic.twitter.com/ci1y1ngMQr — light (@LightCrypto) June 9, 2020 The important point to understand here is why the S&P correlation held
After dropping to the $3,600 US region in the past week, BTC is back above $6,000 USD signaling a possible spike back to 2020 highs. The spike sets the top crypto asset on a decoupling run from traditional assets such as gold and the stock market after a global asset market collapse due to the
After dropping to the $3,600 US region in the past week, BTC is back above $6,000 USD signaling a possible spike back to 2020 highs. The spike sets the top crypto asset on a decoupling run from traditional assets such as gold and the stock market after a global asset market collapse due to the
It is a dark day for the cryptocurrency field as Bitcoin (BTC) continued its slip below the $4,000 USD level, setting a yearly low of $3,658 USD. Despite the grim environment across the cryptocurrency world, top analysts and crypto fanatics are embracing gallows jokes in a bid to lighten the dying markets. If you are
It is a dark day for the cryptocurrency field as Bitcoin (BTC) continued its slip below the $4,000 USD level, setting a yearly low of $3,658 USD. Despite the grim environment across the cryptocurrency world, top analysts and crypto fanatics are embracing gallows jokes in a bid to lighten the dying markets. If you are
The S&P 500 value has dipped over 10% in the past week, its highest weekly loss since the global financial crisis in 2008, raising huge concern across the financial world. Gold on the other hand is on a steady rise as an ounce of gold hit a nine-year high of $1,690 USD earlier in the
The S&P 500 value has dipped over 10% in the past week, its highest weekly loss since the global financial crisis in 2008, raising huge concern across the financial world. Gold on the other hand is on a steady rise as an ounce of gold hit a nine-year high of $1,690 USD earlier in the
“This is not a time for fear. This is a time for taking action to prevent infection and save lives now,” says World Health Organization head Dr Tedros Ghebreyesus Iran, Italy and South Korea are now fighting to contain the virus to avoid a situation like China. In total, the number of cases reported in
“This is not a time for fear. This is a time for taking action to prevent infection and save lives now,” says World Health Organization head Dr Tedros Ghebreyesus Iran, Italy and South Korea are now fighting to contain the virus to avoid a situation like China. In total, the number of cases reported in
Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital ups the ante on his criticism of CNBC for dismissing gold, and promoting Bitcoin. Moreover, he also suggests that we’re in the age of a financial bubble of abnormal gains. It happened after a media report that seems to dismiss Gold as an
Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital ups the ante on his criticism of CNBC for dismissing gold, and promoting Bitcoin. Moreover, he also suggests that we’re in the age of a financial bubble of abnormal gains. It happened after a media report that seems to dismiss Gold as an
Thomas Lee, the founder of Fundstrat Global Advisors, an independent evidence-based research boutique, has once again reiterated his bullish stance on Bitcoin (BTC) proclaiming that the “interim risk off” period is over and the bull market has resumed. He backs up his market confidence with a friendly blockchain policy in China, a bottoming Bitcoin Misery
Thomas Lee, the founder of Fundstrat Global Advisors, an independent evidence-based research boutique, has once again reiterated his bullish stance on Bitcoin (BTC) proclaiming that the “interim risk off” period is over and the bull market has resumed. He backs up his market confidence with a friendly blockchain policy in China, a bottoming Bitcoin Misery
Although, Bitcoin isn’t trading at 2017’s bull figure, in fact, not also it is half the value but the recent report from the Wall Street Journal reveals that it has performed better than other major asset classes such as bonds, S&P 500, Oil and more. According to the WSJ report, published on Sunday, May 04,
Although, Bitcoin isn’t trading at 2017’s bull figure, in fact, not also it is half the value but the recent report from the Wall Street Journal reveals that it has performed better than other major asset classes such as bonds, S&P 500, Oil and more. According to the WSJ report, published on Sunday, May 04,
