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Bitcoin Decouples from Nasdaq, 40-Day Correlation Now Stands at Zero
9.1.2024
Source: Adobe/vinnstock Bitcoin (BTC) has broken free from its historical correlation with Nasdaq (NDX), with the 40-day correlation dropping to zero. For most of the past four years, BTC had been moving in sync with the tech-heavy equity index on Wall Street. However, according to data analyzed...
Bitcoin’s Recent Rally Underscores the “Low Correlation” of Crypto with Traditional Assets: Expert
6.12.2023
Source: Adobe Bitcoin (BTC) has displayed resilience by surging to a more than 19-month high, even as global markets experienced a downturn. The cryptocurrency climbed 5.8% to reach $42,000 on Monday and maintained its position just below that level in morning Asian trading on Tuesday. ...
Bitcoin price drops its early week gains — Here is why
3.10.2023
Bitcoin price gave up its recent gains as concerning signals from the US economy continue to weigh on investor sentiment
Bitcoin price holds steady as S&P 500 plunges to 110-day low
27.9.2023
The S&P 500 dropped to a 110-day low as the market digests what “higher for longer” means for stocks. Will Bitcoin begin to chart its own path?
Bitcoin, Ether Prices Stay Flat as Traders Eye Return of U.S. Equities Correlation
27.9.2023
Crypto majors lost just under 0.5% as U.S. markets closed lower on Tuesday
Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?
26.9.2023
An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies
Bitcoin Price-Volatility Correlation Turns Negative Again as Crypto Traders Eye FTX Liquidations
12.9.2023
The shift from positive correlation comes amid concerns the looming $3 billion FTX liquidations will crater the crypto market
What are the 3 assets most correlated with Bitcoin?
23.8.2023
Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different
Bitcoin and U.S. Real Yield Reach Strongest Inverse Correlation Since April
21.8.2023
Bitcoin fell over 10% last week as the yield on the 10-year inflation-indexed security rose to the highest since 2009
Pro Trader Peter Brandt Says Bitcoin Halving ‘Will Be a Non-Event’
1.8.2023
Veteran trader Peter Brandt has said the upcoming bitcoin halving in 2024 and the “inevitable” approval of a Bitcoin ETF by the U.S. are likely to be non-events. Brandt claimed that while the top cryptocurrency’s correlation to other markets is a non-starter, bitcoin’s...
First Mover Asia: Bitcoin Climbs Back to $29.4K; Crypto's Correlation With Tech May Return
31.7.2023
An exploit of stablecoin exchange Curve Sunday could jeopardize more than $100 million in cryptocurrency. PLUS: What's behind Russia's mining boom?
Pantera Founder Dan Morehead Predicts Upcoming Bull Market: ‘We Can Rally Now’
15.7.2023
Dan Morehead, founder and managing partner of Pantera Capital, a digital assets investment hedge fund, has predicted an upcoming bull market for cryptocurrency. In Pantera’s latest letter, Morehead states that blockchain-related assets have started to decouple from market indexes and that...
Can Bitcoin repeat a 2017-like rally as dollar correlation reverses?
5.7.2023
The Dollar Index disconnect from Bitcoin does not necessarily mean that BTC price is about to experience a big rally, historic data suggests
US Treasury yields are rising — What does it mean for Bitcoin price?
25.6.2023
The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time
Bitcoin Now Undervalued vs S&P 500, According to This Metric
8.6.2023
Bitcoin (BTC) is now undervalued versus the S&P 500.
That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.
This...
Ripe for the squeeze? Bitcoin mining stocks remain under attack from short sellers
25.5.2023
BTC price has struggled for nearly a month, but Bitcoin miners revenue is up, calling into question the logic of short sellers betting against mining stocks
Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research
24.5.2023
The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted
Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market
16.5.2023
As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said
Correlation Between Bitcoin and Ether Prices Dips Below 80%, First in 18 Months
15.5.2023
The price correlation between Bitcoin (BTC) and Ether (ETH) has dipped below 80% for the first time since November 2021, new data from crypto researcher Kaiko shows.
According to Kaiko’s data, the correlation between the two largest digital assets dipped to around 78% last week, marking to lowest...
Bitcoin's Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data
27.4.2023
The 90-day correlation coefficient between the two has declined to -0.70 from -0.11 four weeks ago, hinting at a strong inverse relationship