IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equit...

IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equit...

Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly. IMF Staff on Crypto and Correlation to Asian Equities The International Monetary Fund (IMF) published a blog post on Monday on cryptocurrency regulation and how crypto is now “more in step with Asia’s equities.” Anne-Marie Gulde-Wolf, deputy director of IMF’s Asia and Pacific Department, Nada Choueiri, the mission chief for India, and Tara Iyer, an economist in....


Related News

Bitcoin Correlations Depend on What Phase It Is In

Bitcoin's correlations with gold and the stock market appears contradictory on the surface. There are deeper machinations at work.

Correlation growing between crypto and equity markets in Asia, says IMF

New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions. Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund (IMF) believes. In a blog post from Aug. 21, a group of IMF economists shared their concerns over the dynamics of Asian markets, where the integration of crypto in the larger financial system appears to be growing swiftly. This poses certain risks to....

Decade-Long Financial Growth Wiped Out In One Month While Bitcoin Grows Stronger

For those investors who thought the Asian stock markets would start to recover, things are looking bleaker than ever before. Another shockwave of declining stocks is affecting other major trading markets all over the world, and there is no end in sight. All of the traditional financial sectors are losing ground at an accelerating pace while Bitcoin sees a healthy price increase as more money flows into the world’s true global currency. Anyone who has been trading in the stock market since early 2015 may want to rethink their position in the very near future. Especially those traders....

Gold Futures and Bitcoin Price Are Skyrocketing

Gold futures and Bitcoin are on similar paths, albeit both for different reasons. People often see correlations between gold futures and Bitcoin, as they are both quite valuable with potential for a value increase. Now that the Bitcoin price is rising, the value of gold seems to follow a similar trend. Or to be more precise, the gold miner stocks are increasing in price, which could indicate a future gold price increase. Gold Futures Surge By Over 11%. This week has been kind of interesting for traders keeping a close eye on the gold futures charts. With the best day in over seven years on....

Ethereum Network Attracts Over 70,000 New Addresses In Merge Anticipation

The upcoming Ethereum merge is being considered a big crypto project event. The community sees this as a significant factor in rallying the ETH price in the future. Therefore, as the date of merge, September 15, is approaching, the Ethereum network is attracting a significant increase in activity. According to data from Ethereum-focused blockchain research […]