Shiba Inu Follows Bitcoins Lead: 0.75 Correlation Signals Strong Price Dependence

Shiba Inu (SHIB) is highly correlated with Bitcoin, but whale activity, retail interest, and decoupling occurrences could influence its independent price movement.

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Bitcoin And Ethereum Correlation At A Staggering 97%, BTC Rally Incoming?

As Q1 2023 comes to a close, the Bitcoin and Ethereum correlation stands at a staggering 97%, trackers indicate. The Bitcoin And Ethereum Price Correlation Bitcoin and Ethereum are the world’s most valuable coins by market cap. Because of their first mover advantage, Bitcoin, the first blockchain network; and Ethereum, a legacy smart contracting platform; their [...]

The post Bitcoin And Ethereum Correlation At A Staggering 97%, BTC Rally Incoming? appeared first on Crypto Breaking News.

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Will Bitcoin Transform into Just Another Stock Amidst Institutional Surge and ETF Integration?

An analysis of the inverting correlation between Bitcoin and other financial markets, and the implications this could have for the Bitcoin market.

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Vitalik Buterin: Supporting Decentralized Staking through Anti-Correlation Incentives

Vitalik proposes anti-correlation incentives to promote decentralization in staking protocols, penalizing misbehaving actors and implementing them in various scenarios, backed by empirical data. (Read More)

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Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode

Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge toward cyclical lows recently. Bitcoin Correlation With Gold & Silver Has Now Turned Negative According to data from the on-chain analytics firm Glassnode, the latest price action in BTC has decoupled the cryptocurrency from commodities such as Gold and Silver. The “correlation” here is an indicator that tells us how closely Bitcoin has been moving with any particular asset, over a given time period. In the context of the current discussion, the 30-day time period is of interest. When the value of the correlation is positive, it means that the cryptocurrency is mimicking the movements of the other asset currently. Negative values of the indicator, on the other hand, suggest BTC has been moving in the opposite direction to the commodity’s price. Naturally, the higher the value of the metric (whether on the positive or the negative scale), the stronger the response of Bitcoin to movements in the asset in question. The correlation can also attain a value of zero during periods where there isn’t any discernible pattern between the prices of the two assets (like when one of the assets moves sideways while the other is experiencing some kind of volatility). Related Reading: Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again? Now, here is a chart that shows the trend in the Bitcoin 30-day correlation to Gold and Silver over the last few years: Looks like the value of the metric has plunged in recent days | Source: Glassnode on Twitter As displayed in the above graph, the Bitcoin 30-day correlation to both Gold and Silver had been high just recently, but with the latest surge in the cryptocurrency, the indicator’s value has taken a deep hit. Following this plunge, the metric’s value has fallen inside the negative territory for both these assets, with BTC’s correlation to XAU (the price of one troy ounce of Gold) hitting -0.78, while that to XAG (one ounce of Silver) going even deeper to -0.90. In the case of Gold, the correlation between the two assets is now close to the cyclical lows, while for Silver, the indicator has already set a new cyclical low with this plummet. Related Reading: XRP Traders Show Capitulation, Why This Could Be Bullish Bitcoin is currently showing such a highly negative correlation to these commodities because of the fact that their prices have been going down recently, while the cryptocurrency has observed a very sharp rally at the same time. The current values of the 30-day correlation pose an interesting shift of trend, as except for a period between late February and early March, Bitcoin had been tightly moving in tandem with these traditional assets since the rally started back in January of this year. It now remains to be seen whether Bitcoin will remain decoupled from these assets in the coming days and do its own thing, or if the break in correlation is only temporary, like the aforementioned instance earlier in the year. BTC Price At the time of writing, Bitcoin is trading around $30,200, up 5% in the last week. BTC hasn't moved much during the last few days | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, Glassnode.com

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US Treasury yields are rising — What does it mean for Bitcoin price?

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attributed to U.S. dollars. Assuming the worst-case scenario of the U.S. government [...]

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Ripe for the squeeze? Bitcoin mining stocks remain under attack from short sellers

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.

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Crypto's downturn is about more than the macro environment

The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term.

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$32K Bitcoin price could turn the tides in Friday’s $160M BTC options expiry

BTC price lost the momentum that had pushed it to $32,300 on May 31, but this week’s option expiry could help bulls recapture the key price level.

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S&P 500 Signals End Of Bitcoin Correction; Bull Rally Is Imminent, Says Analyst

Bitcoin’s correlation to the S&P 500 may not be a good thing, but these metrics suggest that the bull case is growing stronger than ever. Covered: S&P 500 vs. Bitcoin From A Technical Perspective Stepping Back From The Technicals It’s popular to be a bear right now in the cryptoverse, and typically that kind of […]

The post S&P 500 Signals End Of Bitcoin Correction; Bull Rally Is Imminent, Says Analyst appeared first on CryptosRus.

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Bitcoin’s Correlation to Stocks Climbed Again

The chances of Bitcoin moving in sync with stock prices are the highest in 17-months.

Continue reading Bitcoin’s Correlation to Stocks Climbed Again at DailyCoin.com.

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Why is Bitcoin Price increasingly Correlated with the Stock Market?

The Bitcoin price has shown an increasing tendency to correlate itself with the stock markets in recent weeks and months. While a few years ago Bitcoin prices were still moving very freely from the international financial markets, the dependency on the classic financial world has increased. Let's tackle the reasons that contribute to why the Bitcoin price is increasingly correlated with the stock market.

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Pantera Predicts Correlation Between Bitcoin And Traditional Markets Might Break This Spring

In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it will continue or even last for very long at all, given how quickly things change in this industry. Pantera Capital believes the crypto market will be able to “decouple” traditional macro assets even when interest rates go up. In the interview on February 1,  CEO Dan Morehead and co-chief investment officer Joey Krug both said they believe this transition is happening now. Institutional investors are entering the space, leading them away from stocks or bonds into cryptocurrencies like Bitcoin and other related technologies like the blockchain 2030 panel discussion. Related Reading | Top 5 Watershed Moments In BTC On-Chain Analysis’ History. Is Your Favorite In? Pantera Capital Management shared the details from their recent call with investing public on Wednesday this week in a new Blockchain Letter. Crypto is starting to break from its traditional correlation with macro assets. According to Krug, history has shown that when the former goes down for 70 days before decoupling and trade on its own again over weeks – as we expect soon enough!– crypto’s becoming more resilient by leaps and bounds. Krug explained; It doesn’t guarantee that it won’t go down a lot more next month or whenever, but it just means the odds are high that the markets are at an extreme and will bounce back relatively quickly. Pantera Capital Predictions Proved In the Past Since February 2021, when BTC traded at around USD 47 thousand after correcting 20% in a week, Krug predicted that “a bitcoin rally might be back by April if not sooner.” The price then increased to over $63,000 before starting intense downturns, bringing its sizes below $30,000. Krug said that he does not think the prices for many digital assets are too high right now, with some DeFi tokens trading at P/E multiples ranging from 10-40. They have moderate value; tech stocks go up to 500x turnover rates. This time around, he further explained why investors shouldn’t worry about over-investing in cryptocurrency or finance. Despite recent crashes caused by several governments imposing restrictions on bank transactions involving Bitcoin (BTC). Related Reading | Bitcoin Dives To $40K, What Could Trigger More Downsides P/E (price-to-earnings) ratio is a standard tool used to value stocks and can be found by dividing the market value per share (or token) of an individual company’s portfolio by its annual earnings. Krug added; It’s my personal view that USD 2,200 ETH was likely the bottom. Pantera CEO says you need to consider the cash flow when discounting an asset’s value, which means lower prices if yield rates are higher. Analysts Reviews Crypto is not just a thing of value; it’s also an investment. Just as with gold, many factors determine its price and worth. Volatility is one such factor, supply vs. demand within different markets worldwide. As a result, the element can impact how much people want to buy or sell at any given moment in time. The Pantera CEO said; It can behave in a very different way from interest-rate-oriented products. I think when all’s said and done, investors will be given a choice. They have to invest in something, and if rates are rising, blockchain is going to be the most relatively attractive. With tensions rising throughout Europe and Asia, it is expected that inflation will be at an all-time high in 2022. This could give bitcoin (BTC) a valuable hedge against volatility. In addition, provide stability for other digital assets like ethereum or Litecoin during their respective peaks next year. Bitcoin “remains hesitant,” according to an analyst at GlobalBlock. The bitcoin price has been trading lower recently and did not participate in the futures’ recent rally. However, they are still selling off more than usual compared with spot prices which have dipped even further down over this last week or so. Marcus Sotiriou, a GlobalBlock analyst, added; This suggests that this price rise was driven by speculation or hedging rather than genuine demand.  

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Here’s why Bitcoin traders shouldn’t overanalyze US inflation data

Analysts say record high inflation in the United States is impacting crypto market momentum, but is the impact of the data overstated to the detriment of investors?

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Bitcoin’s Correlation To Nasdaq Starting To Fall, Says Technical Analyst

Unless you’ve been living under a rock of late you probably have heard that the crypto market is a little too correlated with equities for comfort. But is that about to change? One analyst says the data is pointing that way.  Covered: Will Clemente Nasdaq Correlation Bitcoin Performance v.s. Equity Markets Will Clemente Nasdaq Correlation […]

The post Bitcoin’s Correlation To Nasdaq Starting To Fall, Says Technical Analyst appeared first on CryptosRus.

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Is Bitcoin Vs Gold Correlation Still Relevant in 2021? Mike Ermolaev Explains

I will provide some insights into what these two assets have in common and how they differ, as well as examine their correlation. (Read More)

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Bitcoin and gold draw closer as correlation with dollar and equities weakens

There has been a significant shift in how closely Bitcoin (BTC) moves alongside traditional equity indices compared to earlier months. The correlation with the Nasdaq and the S&P 500, which had been relatively strong through much of 2024, shows a slight but consistent decline going into late 2024 and 2025. Part of the reason for […]

The post Bitcoin and gold draw closer as correlation with dollar and equities weakens appeared first on CryptoSlate.

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Bitcoins independence from S&P 500, Nasdaq grows post-election

It’s safe to say that Bitcoin has slowly evolved into a macro asset. As such, its relationship with major traditional indices like the S&P 500 (SPX) and the Nasdaq Composite (NDQ) becomes a significant indicator of investor sentiment and use case evolution. These indices represent vital pillars of the traditional financial system: SPX reflects broader […]

The post Bitcoin’s independence from S&P 500, Nasdaq grows post-election appeared first on CryptoSlate.

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Vivek: Unsurprisingly, The Bitcoin Price Follows Global Liquidity

The SLNT Submersible Faraday Backpack may be a bit of a splurge, but it has all the features a Bitcoin privacy expert could want.

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Bitcoin correlation with Nasdaq soars as CPI fears intensify

Higher-than-expected inflation could trigger equity market volatility, potentially dragging Bitcoin lower, Bitfinex head of derivatives told Cointelegraph.

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