Market Analysis
Bitcoin’s Correlation with S&P 500 Grows as Crypto Market Sees $1B+ in Liquidations
Bitcoin fell to the lowest point in a month as traders witnessed liquidations of over $1 billion in 24 hours.
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correlation
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correlation
Crypto
Bitcoin Hovers Above $27,000 as Correlation with Gold, Stocks Drops
The correlation of Bitcoin with gold, Nasdaq Composite, and S&P 500 currently stands at -0.02, -0.06, and 0.18, respectively.
Crypto
Bitcoin’s Correlation with Equities Drops to 1-Year Low
The correlation between BTC and U.S. equities has been declining following the past week's strong rally in the crypto market.
Market Analysis
Bitcoin Acting as a “Central Bank” Hedge Amid Macro Uncertainty: Gold Correlation Increases
Bitcoin's correlation with gold has increased to 0.50, up from around zero in mid-August.
Crypto
Bitcoin’s Value Isn’t Really Correlated to Gold – Here’s Why
Correlations may be sufficient to produce narratives, but for how long will they remain valid? We find out here.