Analytics Firm: Bitcoin’s Correlation to S&P 500 is “Concerningly High”
Bitcoin has been moving in close tandem with the stock market throughout the past few days and weeks, which has slowed its growth and caused it to see some turbulence. The stock market is currently in a consolidation trend as investors await progress on a second round of federal stimulus. It remains unclear as to […]
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Bitcoin is now caught within an intense uptrend that has sent its price rocketing up to fresh yearly highs, with bulls currently testing these highs as they target further upside This strength has come about due to the confluence of multiple positive news developments and has allowed BTC to far outperform the stock market One bullish result of this recent rally has been Bitcoin’s correlation with the stock market diving to zero This correlation previously […]
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 […]
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....
The team behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing in order to hire more help and monitor other blockchains. Crypto Metrics Provider Dune Analytics Raises $8 Million Crypto data services and analytics has seen massive demand in 2021 as everyone wants to gather factoids on their favorite crypto assets. Bitcoin.com News recently reported on the crypto firm Messari raising $21....
Bitcoin tails the gold market but with a delay. And the lagging correlation now suggests that the cryptocurrency would rise to $25,000.