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Last posts about correlation.

Bitcoin 08/08/20 07:31 by Guest Author
Why Did Bitcoin Skyrocket When the US Dollar Declined?
The U.S. dollar drop and the Bitcoin surge happened at the same time. Why? Before we reveal the answer, let’s explore the multiple factors in the background starting with the continued downward adju...
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Bitcoin 07/08/20 23:00 by Tony Spilotro
US Dollar Could See Bearish Reversal: Is A Bitcoin Reckoning Coming?
The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar se...
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Bitcoin 05/08/20 18:00 by Cole Petersen
Bitcoin is Becoming an Inflation Hedge, and It’s Driving BTC Higher; Claims Analyst
Bitcoin’s status as a hard asset is growing clearer by the day. It has even resulted in the cryptocurrency forming a striking correlation to gold, silver, and other traditional “safe havens.” On...
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Bitcoin 30/07/20 22:00 by Tony Spilotro
Why Bitcoin Ditching Stock Market Correlation For Gold Is Bullish for BTC
Bitcoin price this week exploded from its tightening consolidation range and within a day, broke through resistance at $10,000 and touched $11,400. The breakout followed gold setting a new record, rat...
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Crypto 28/07/20 14:30 by Samuel Wan
Crypto Fear and Greed Index Turns to Extreme Greed, Is Now The Time to Sell?
Some analysts renewed their expectations of a crypto bull run following Bitcoin’s 11% gains yesterday. Resistance at the $10.5k level has proven difficult to break, having been rejected there on...
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Bitcoin 28/07/20 13:00 by Yashu Gola
JP Morgan’s Latest Gold Warning Puts Bitcoin At Risk of Dipping Below $10K
Bitcoin retreated by more than 2.5 percent in the early London trading session on profit-taking sentiment. The plunge almost mirrored a similar downside move in spot gold as the precious metal correc...
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Bitcoin 24/07/20 12:00 by Nick Chong
S&P 500 Prints Signal Seen Before March’s Crash: Will Bitcoin Suffer?
Bitcoin’s price action has become increasingly dependent on that of the S&P 500 over recent months. The correlation is so strong that it has been observed by analysts who do not actively wat...
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Bitcoin 21/07/20 02:00 by Nick Chong
The S&P 500 Is Surging Towards a New ATH: Will Bitcoin Follow?
Bitcoin is once again effectively flat. According to data from Coin Market Cap, the leading cryptocurrency has literally gained only 0.15% in the past 24 hours as of this article’s writing. BTC&...
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Bitcoin 18/07/20 11:00 by Yashu Gola
‘Big Tech’ Pullback Explains Why Bitcoin Rally Has Paused in Q3
Bitcoin rally has paused ahead of the “Big Tech” earnings report next week. Despite logging a massive growth in the second quarter, a veteran analyst sees Apple, Amazon, Alphabet, Microso...
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Bitcoin 17/07/20 01:00 by Cole Petersen
Bitcoin and the S&P 500 are Moving in Lockstep, and It’s Bad for BTC
Bitcoin has been forming a striking correlation to the S&P 500 and the rest of the stock market throughout the past few months. This correlation has only grown in recent weeks, and today’s slide...
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Crypto 16/07/20 23:00 by Tony Spilotro
Is The Greater Global Stock Market Once Again Dragging Down Crypto?
Bitcoin has been consolidating below resistance for months now, waiting for a spark to ignite an explosion in either direction. Due to the ongoing correlation between BTC and stocks, a crashing global...
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Bitcoin 15/07/20 05:00 by Nick Chong
Peter Schiff Thinks Bitcoin’s 2018 Lows of $3,200 “Will Not Hold”
In 2018, Bitcoin plunged as low as $3,200. Save for a handful of analysts, few investors expected the cryptocurrency to fall that low and that from its $20,000 all-time high. Despite the drop, bulls m...
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Bitcoin 14/07/20 13:00 by Yashu Gola
Troubles for Bitcoin as Goldman Issues Serious Stock Market Warning
Bitcoin price wavered on Tuesday as traders awaited second-quarter earnings from the most prominent American banks. The reports expect to provide more details about the status of the US economy, whic...
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Mining 09/07/20 18:00 by Cole Petersen
Bitcoin Could be Following Gold’s Price, Signaling a Breakout is Imminent
Bitcoin’s multi-month consolidation phase has caused its correlation with other assets to degrade, leaving investors to question where it might trend next. One analyst is now floating the possibilit...
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Bitcoin 08/07/20 13:00 by Yashu Gola
More Pain for Bitcoin as Citigroup Warns S&P 500 May Fall by 10%
Bitcoin expects to go through a shaky third-quarter on growing worries about a stock market correction. Citigroup sees the S&P 500 rally to drop by at least 10 percent from its current levels, wi...
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Bitcoin 08/07/20 05:00 by Nick Chong
The S&P 500 Just Formed a Crucial Breakdown — and Bitcoin May Follow
Leading Bitcoin higher, global stock markets saw an extremely strong performance on Monday. As covered by NewsBTC, the Shanghai Composite index and the FTSE China A50 index both set new all-time highs...
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Bitcoin 05/07/20 03:00 by Cole Petersen
The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow
Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum. ...
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Bitcoin 03/07/20 04:00 by Cole Petersen
This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor
Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading range since the start of May. The equiti...
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Bitcoin 02/07/20 12:59 by Yashu Gola
Analyst Expects Bitcoin Above $9.5K in Near-Term as Risk-On Sentiment Improves
Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions. The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,2...
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Bitcoin 01/07/20 12:00 by Nick Chong
As S&P 500 Flips 3,000 Into Support, Bitcoin’s Bull Case Grows
Despite a worsening pandemic, geopolitical turmoil, and more, Bitcoin and the S&P 500 have fended off secondary declines after March’s liquidity crash. At least for the time being, BTC holds...
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Bitcoin 30/06/20 15:13 by Yashu Gola
Bitcoin Risks Breaking $9K as JP Morgan Warns $170B Stock Market Sell-off
Bitcoin price risks breaking to the downside as strategists warn of a correction in the U.S. stocks. Analysts at JP Morgan & Chase predicted that pensions funds would most likely dump $170 billio...
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Bitcoin 27/06/20 19:00 by Cole Petersen
Bitcoin Price Forms Striking Correlation to Gold; What This Means for BTC
Bitcoin’s price action has been lackluster in recent times, and many attribute this to the cryptocurrency’s incredibly tight correlation to the stock market. It appears that the cryptocurrency’s...
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Bitcoin 27/06/20 11:01 by Yashu Gola
Bitcoin is At Mercy of S&P 500, as “Fragile” Stock Market is at Risk
Bitcoin faces a critical second half of the year as its correlation with the S&P 500 index nears 43 percent. While both markets have rallied impressively from their March 2020 lows, they are far ...
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Bitcoin 23/06/20 15:00 by Yashu Gola
Bitcoin S2F Creator: Whales Didn’t Crash Price in March 2020
Whale manipulation did not crash the price in March 2020, asserts Stock-to-Flow creator PlanB. The analyst claimed that the cryptocurrency’s growing correlation with the U.S. benchmark S&P ...
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Bitcoin 22/06/20 21:30 by Tony Spilotro
Bitcoin Correlation With S&P 500 Nears All-Time High, How Could This Impact Crypto?
The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse. The crypto a...
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Bitcoin 19/06/20 22:30 by Erie Maxwell
As the Stock Market Runs Out Of Steam, Is Bitcoin At Risk Of Seeing Major Downside?
No one likes to think that Bitcoin and the crypto market are related to the global stock market but reality seems to be different. When the pandemic was in full force around March, the entire global ...
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Bitcoin 18/06/20 15:00 by Yashu Gola
How Will Top Analyst’s S&P 500 All Time High Prediction Affect Bitcoin?
As Bitcoin maintains its positive correlation with the S&P 500, a top analyst has predicted an all-time high for the U.S. benchmark. Research firm DataTrek published a note earlier this week that...
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Bitcoin 17/06/20 15:00 by Yashu Gola
Current S&P Correlation Implies Bitcoin at $18K, Says Stock-to-Flow Creator
Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB. The creator of the popular stock-to-flow model highlighted a ...
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Altcoins 16/06/20 15:00 by Yashu Gola
Bitcoin Expects to Hit $9,800 on Strong Retail Sales Data; Here’s Why
Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further. Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week. Expec...
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Bitcoin 10/06/20 01:00 by Cole Petersen
Analysts Think the Stock Market Has Peaked; Why This Could Be Brutal for Bitcoin
The stock market has been caught within an intense uptrend over the past couple of days while Bitcoin consolidates within the upper-$9,000 region. The ongoing equities rally has come about due to rene...
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