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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 stock market could drag down crypto with it once again. Continued Correlation Between BTC and S&P500 Has Kept Crypto Down Since the start…
The world is upside down. Is bitcoin stable now? Or is everything else extremely volatile all of a sudden? As the planet descends into chaos, bitcoin remains in a weird limbo that’s uncharacteristic of the asset and doesn’t seem to end. That’s both what it feels like and what the stats say. In the latest…
For most of Bitcoin’s life, it’s been a pitched as an asset uncorrelated from the stock market and other traditional equities. It’s been a strong selling point for institutional investors seeking to add variety or even derisk their portfolios.However, as of late, the first-ever cryptocurrency has been exhibiting a minute-by-minute correlation with the stock market,…
After peaking just shy of $7,000 today, Bitcoin has tumbled lower, falling from the $6,950 high to $6,600 just minutes ago, a drop of 5%. Altcoins have followed suit, posting a similar loss to the crypto market leader.Bitcoin’s recent bout of weakness comes as the stock market has shown signs of reversing after last week’s…
Although the traditional equities markets and the crypto markets don’t have a ton in common, they both had a rough 2018, and investors in both markets are hoping that 2019 proves to be different. Despite being a rough year price-wise, many analysts see the drops in both markets as being temporary, which could mean that…
Millionaire businessman Kevin O’Leary has indicated that stablecoins are more valuable than Bitcoin because of their role in the global financial system. He also highlighted the “big opportunity” as one of the layer-1 networks could be the biggest beneficiary of traditional finance (TradFi) firms moving on-chain. Kevin O’Leary Praises Stablecoins Over Bitcoin In an X…
Bitcoin faces risks of a short-term, but steep downside correction as Donald Trump threatens to terminate the phase one deal with China.Investor fears that a new trade war with Beijing would escalate the global economic crisis further amidst the Coronavirus-induced lockdown.Losses in the Wall Street index in March influenced traders to liquidate their bitcoin positions…
Bitcoin plunged towards $9,000 during the Thursday trading session as a flurry of negative media coverages engulfed the cryptocurrency market. The plunge followed two weeks of flat price action that kept Bitcoin restricted inside the $9,100-9,300 range. It also appeared as Chinese stocks experienced their heaviest sell-off since February 2020, a sentiment that rippled across…
Crypto pundit Vivek has revealed that Bitcoin has entered a buy zone that led to parabolic rallies in the previous bull cycles. This comes as analysts predict that BTC risks dropping to the psychological $70,000 level, with the leading crypto showing weakness on lower timeframes. Bitcoin Enters Historic Buy Zone That Led To Parabolic Rallies…