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28/10/20 02:00 by Tony Spilotro
Hindsight In 2020: Bitcoin Brings Investors 16x Returns Over The S&P 500
Bitcoin has for several months now, captured the crown for 2020 as the most profitable mainstream asset of the year. Whatever the reason is behind the unstoppable momentum, the recent divergence betwe... Read More
19/10/20 22:00 by Tony Spilotro
Bitcoin Rallies While Stocks Stumble: Is The Correlation Decoupling Finally Here?
Bitcoin price has rallied more than $300 intraday, meanwhile, the S&P 500 has fallen almost ten basis points in the same time period. Is this the fabled stock market crypto “decoupling&rdquo... Read More
01/10/20 03:00 by Tony Spilotro
Why Post Debate Stock Market Performance Could Be Bad For Bitcoin
Last night, current United States President Donald J. Trump faced off against former Vice President and challenger Joe Biden in the first of three debates. Data shows, that following each debate, thin... Read More
21/09/20 03:12 by Nick Chong
Bitcoin’s Weekly Candle Just Closed—And We’re In the “Middle of Nowhere”
Just an hour ago, Bitcoin’s weekly candle closed after an eventual week in which the leading cryptocurrency surged from lows near $10,000 to a local high at $11,150. The coin now trades at $10,9... Read More
06/09/20 05:43 by Nick Chong
Macro Investor: Bitcoin and Gold Should “Hold Up” if Stocks Unwind
Bitcoin has slid lower as legacy markets have undergone a strong correction over recent days. This was evident when BTC crashed around 8% when the S&P 500 slid by around 3% in a single trading ses... Read More
03/09/20 22:00 by Tony Spilotro
Barron’s Recommends Hedging A Stock Portfolio, But What About Bitcoin?
Barron’s, an American finance publication operated by Dow Jones & Company, has given a rare suggestion to its audience to hedge their stock portfolios ahead of the upcoming election. The ris... Read More
27/08/20 23:00 by Tony Spilotro
VIX Raising “Red Flag” On Stocks, Could Be Bearish For Bitcoin
Analysts rely on a variety of tools to tip them off about coming price action, with some offering better results than others. A top and bottom-sniping tool used to call the 2007 top in the stock marke... Read More
22/08/20 16:03 by Bernice Nyambura
Every Pension System Should Have 1.5% Of Total Funds In Bitcoin, Says Morgan Creek’s Pompliano
Bitcoin and the S&P 500 Index have gone through a short-lived correlation after the March crisis that saw both the traditional and crypto markets crash to record low levels.
However, the corre... Read More
21/08/20 08:03 by Guest Author
What’s driving the S&P 500, NIO and XRP?
While the global economy struggles with the fallout of Covid-19, financial markets are showing signs of recovery and this means there are opportunities for investors. So, for those with an optimistic ... Read More
18/08/20 23:41 by John Kiguru
Bitcoin Crashes Below $12K as S&P 500 Hits New High – Coincidence?
Bitcoin for the better half of the day was doing great and sitting above higher support. Since climbing above $12K and as high as $12,200 early in the week, the top asset has been moving sideways. T... Read More
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... Read More
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&... Read More
19/07/20 12:00 by Nick Chong
Analyst: Bitcoin Looks Exactly As It did Prior to 2017’s 2,000% Rally
Multiple analyses have shown that Bitcoin looks primed to see a macro rally despite the ongoing uncertainty and lack of volatility.
Related Reading: BTC Just Confirmed a Signal That Preceded Historic... Read More
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... Read More
17/07/20 02:00 by Nick Chong
It’s “Make or Break” For Bitcoin as Bearish S&P 500 Drop Hammers BTC
After holding $9,200 for days on end, Bitcoin has recently begun to break down. The cryptocurrency trades at $9,100 as of this article’s writing, having lost that short-term support.
Bitcoin... Read More
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... Read More
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... Read More
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... Read More
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... Read More
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... Read More
07/07/20 13:00 by Yashu Gola
Bitcoin Falls Alongside US Futures as Economic Recovery Flatlines
Bitcoin price pulled back in the early trading session Tuesday after logging a strong opening for the weekend a day before.
The corrective action appeared as the rising number of COVID cases in the U... Read More
03/07/20 13:00 by Yashu Gola
BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction
Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session.
The latest price correction coincided with the Federal Reserve’s balance sheet contra... Read More
03/07/20 03:00 by Nick Chong
If the S&P 500 Passes 3,200, Then Bitcoin Can Retake $9,500: Analyst
If you’ve followed Bitcoin analysts over recent weeks, you likely know of the importance of $9,500 to the cryptocurrency.
As the chart below indicates, $9,500 has been a crucial price point for ... Read More
01/07/20 13:10 by Yashu Gola
Major Economic Data Releases Tomorrow — How Would Bitcoin Respond?
Bitcoin has started the third quarter mutely as its price fluctuates in a small $6-range.
The cautious sideways movement surfaces ahead of the U.S. Non-Farm Payrolls (NFP) report releasing on Thursda... Read More
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... Read More
01/07/20 05:00 by Nick Chong
Key Indicator Says Bitcoin’s Momentum Is Weakening: Where Will BTC Head?
Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end.
While the cryptocurrency has maintained the $8,500 support level on multiple occasio... Read More
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... Read More
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 ... Read More
25/06/20 15:00 by Yashu Gola
A Chilling Bitcoin “Death Cross” Reappears With a Gloomy Stocks Correction
Bitcoin has formed a “Death Cross” pattern on its daily chart as price slips ahead of the New York opening bell.
The cryptocurrency’s 50-day simple moving average today closed above... Read More
24/06/20 13:00 by Yashu Gola
A $9,000-Retest Likely for Bitcoin as BTIG Relays Negative S&P 500 Outlook
Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index.
Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its ... Read More