Bitcoin Mirrors TradFi Amid Surging Correlations With Major Indexes – Details
Bitcoin is currently trading at critical price levels amid heightened macroeconomic uncertainty and escalating global tensions. After a volatile period, BTC staged a notable rebound last week following an announcement by U.S. President Donald Trump declaring a 90-day pause on all tariffs except those targeting China. The policy shift brought a temporary sense of relief […]
Related News
S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be included in the indexes As Reuters reported initially on December 3, 2020, such indexes will measure the performance of over 550 top traded crypto by market cap, including bitcoin, and they will use data from the New York-based company Lukka. According to the statement issued by both companies, S&P’s clients could create customized indexes, among other....
Bitcoin's correlations with gold and the stock market appears contradictory on the surface. There are deeper machinations at work.
The merging of crypto and TradFi is inevitable, with the latter potentially mitigating the volatility permeating the digital asset industry. Despite the current struggle in the global economy, the gap between traditional finance (TradFi) and crypto seems to be closing with each passing day. For example, earlier this month, Vienna-based fintech unicorn Bitpanda announced that it was adding commodities to its list of investment options, thus allowing investors to rake in profits from short-term price fluctuations related to traditional instruments such as oil, natural gas and wheat.In a....
A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng Family of Indexes, recently announced the Hang Seng China Metaverse Index launch. The new index tracks the performance of mainland Chinese companies involved in metaverse-related businesses. As explained in a statement released....
The start of 2016 has been far from tranquil for most equity and commodity investors. With the Chinese Shanghai Composite falling from over 3500 at the start of the month by over 16% to circa 2950 and with Oil tumbling to just over $30 a barrel, its’ lowest price in over a decade, people are desperately looking for a stable alternative to keep their money safe. Amid the heaps of Bitcoin news sites that have published articles around the future of the crypto-currency these past weeks, many have pointed out that Bitcoins are not just the most cost-effective way of transferring money across....