Analytics Firm: Bitcoin’s Correlation to S&P 500 is “Concerningly High”

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 Shatters Its Correlation to Gold as It Tanks Alongside Equities

Bitcoin’s price has been facing immense sell-side pressure throughout the past couple of days This has mainly resulted from the revelation of multiple bear-favoring news events These events – including the BitMEX imbroglio and President Trump’s health – have led many analysts to expect it to see significantly further downside in the days and weeks ahead They have also caused Bitcoin to break its former correlation with gold and begin, once again, moving in sync […]