Bitcoin’s Correlation With Stocks Nears Yearly Low
Bitcoin has slowly begun to decouple from equities, now nearing its lowest correlation with the stock market in 2022. A 40-day correlation coefficient between Bitcoin and the Nasdaq 100 index…
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Bitcoin has slowly begun to decouple from equities, now nearing its lowest correlation with the stock market in 2022. A 40-day correlation coefficient between Bitcoin and the Nasdaq 100 index…
If you haven’t noticed by now, Bitcoin’s price is going through some serious short-term volatility on the day that the CPI numbers hit. This is not without a good reason.…
There are no signs of strength or rebound in Bitcoin’s price while the cryptocurrency has been experiencing choppy price action with low overall volatility (with certain exceptions). The price is…
The US inflation numbers are in for June, and they continue going up. With this, BTC’s price is also experiencing enhanced volatility as the numbers clock in. Data from the…
The number of liquidated traders and the value of liquidations skyrocketed to over $200 million on a daily scale as BTC, and the entire crypto market experienced enhanced volatility following…
The world’s largest cryptocurrency recorded one of the worst monthly price performances in history in June. This month, too, has been kind to it. The current market structure has many…
Bitcoin’s price has been consolidating above the 2017 all-time high range of $17K-$20K over the past few weeks, after a sharp decline from the $30K level in June. The price…
The primary cryptocurrency has slightly recovered in the last few days and was able to reclaim the $20K level. This area is the previous 2017 ATH and acts as a…
The past seven days saw the total cryptocurrency market capitalization recover towards the $1 trillion mark after losing it in June. At the time of this writing, the market cap…
Bitcoin’s price is still consolidating amid the $20K range following a massive crash from $30K in June. This zone also aligns with the 2017 previous ATH and provides psychological support,…