Pantera Predicts Correlation Between Bitcoin And Traditional Markets Might Br...

Pantera Predicts Correlation Between Bitcoin And Traditional Markets Might Br...

In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it will continue or even last for very long at all, given how quickly things change in this industry. Pantera Capital believes the crypto market will be able to “decouple” traditional macro assets even when interest rates go up. In the interview on February 1,  CEO Dan....


Related News

Bitcoin decouples from legacy markets as ‘breathtaking’ rally predicted

Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets. A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken.Kraken’s September volatility report found Bitcoin (BTC) largely maintaining a negative correlation with the U.S. Dollar Index (DXY) since May, despite a brief coalescence between the two markets in early September. Bitcoin's 30-day rolling correlation with U.S Dollar Index: KrakenThe report attributes BTC’s dollar....

Bitcoin Holders To Remain Cautious As Correlation With Stocks Continues

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, […]

Possible Timelines For Bitcoin To Hit $100k: Why CEOs See Bullish Signs

After bitcoin broke above the $45k resistance level reaching the $48k mark, it has retested the $45k level. Some analysts still expect a rise to above $50k, others have abandoned their bullish approach. Meanwhile, leading CEOs from Pantera Capital and Skybridge Capital remain positive that the coin will reach the $100k mark in a period of one to two years. Pantera Capital CEO Is ‘Wildly Bullish’ In an interview with Yahoo Finance, the CEO of Pantera Capital Dan Morehead commented on Bitcoin’s price action so far in the year. Morehead noted that within the history of....

Bitcoin Correlation With Macro Remains Strong, Despite Stability

The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equities market very closely. There were forecasts that the cryptocurrency would begin to decouple from the macro market as time went on but data shows that the correlation still remains very high even now. Following The Macro Market One of the most prominent ways that the macro market and the bitcoin correlation have shone through has been during important events like the CPI data releases. The....

2 key Ethereum price metrics suggest traders will struggle to hold the $2K su...

ETH bulls are aiming to flip $2,000 back to support, but these two metrics point toward further downside. Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery. Ether/USD 4-hour price at Bitstamp. Source: TradingViewTo date, the Federal Reserve continues to dictate the markets’ performance and uncertainty has been the prevailing sentiment....