Stellar’s XLM Soars 40% After Ducking XRP Correlation; What’s Next?
Stellar’s native token XLM surged by approx 40 percent in just three days of trading, becoming one of the best top-cap cryptocurrencies based on week-to-date returns. The XLM/USD exchange rate reached $0.178 on Tuesday, its best level in three weeks, after showing signs of decoupling from XRP, a rival cryptocurrency issued by San Francisco-based Ripple […]
Related News
Bitcoin truly is a new asset class that investors should take seriously, not just because of the extraordinary returns thus far, but because of its correlation to everything else. It’s All About the Correlation. The holy grail of portfolio management is to find an asset with a positive expected return that isn’t correlated to anything else. You want....
Data shows the Bitcoin correlation with the US stock market has remained at a high value recently as it saw an increase during the last week. Bitcoin Correlation With Stock Market Observed Slight Growth In Past Week According to the latest weekly report from Arcane Research, BTC’s correlation with NASDAQ and S&P 500 is currently […]
Bitcoin’s correlation with the stock market has been on the rise over the last year. What started out slowly had quickly ramped up in the last few months to reach the highest correlation points in recorded history. Once this had peaked, it was expected that both markets would begin to decouple from one another. However, […]
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 Continues To Go Up According to the latest weekly report from Arcane Research, the BTC-Nasdaq correlation has grown to a new ATH of over […]
On Monday, news quickly spread after a BlackRock XRP ETF filing popped up on the Delaware Corp. Commission website. The filing has since been claimed to be false. But the damage was already done as the token’s price surged quickly before reversing. One interesting development from this event though was a curious correlation that emerged between the XRP price and the XLM price at the time. While the news was localized to XRP, XLM had surged just as much, emerging with a stunning correlation between the two. XRP And XLM Correlation Balloons In the wake of the rumored BlackRock XRP ETF....