Ethereum is Correlated to Bitcoin and thus the S&P 500
ince the Coronaviru cra h of mid-March, Bitcoin ha been highly correlated to the P 500 and ha been the focu of many analy t thu far. Thi i done under the a umption that BTC dictate the c
Рубрика: Bitcoin News 9
June 23rd Saw the Largest Flow of Bitcoin from Miners to Exchanges
Earlier today, the team at Gla node tweeted their late t analy i of Bitcoin inflow into exchange from miner . In their brief analy i , the team ob erved that ye terday, June 23rd, aw the large
Bitcoin Needs a Stock Market Rally to Break $10K
Bitcoin’ Correlation with the P 500 i High.&nb p; Amid t the ten e Bitcoin market action, BTC’ correlation with the P 500 ha not e caped the eye of analy t in the crypto-ver e.
In mid-May
Bitcoin To Reclaim $10,000 As Technicals and Newsflow Lifts Sentiment
But let’ look at the ca e for the up ide; and to gather evidence for a progno i let’ look back over the pa t year.
ince la t June we can di cern a pattern of lower high , which we can group
Binance’s Bitcoin Quarterly Futures Kick-Off on a High Note
New Bitcoin Quarterly Contract Kick-Off on a High Note. The launch of the derivative product wa over hadowed by Bitcoin dipping below $9,300.
However, 24 hour after the Bitcoin Quarterly fut
Bitcoin Whales Holding Over 1,000 BTC Increases By 8.9% in 1 Yr
Bitcoin Ha Continued to Hold it Own Amid t the Coronaviru Pandemic.&nb p; Back in early March, it wa theorized that Bitcoin’ ultimate te t would be a Coronaviru induced rece ion.
Thi wa b
CBDCs Could Further Push Bitcoin Adoption
In a recent report, the team at Gray cale cale ha po tulated that&nb p;the launch of Central Bank Digital Currencie &nb p;(CBDC ) will further increa e the adoption of Bitcoin. According to Gray c
All Bets are On Bitcoin Retesting or Losing $9,300 Support Again
The weekly clo e i once again knocking on Bitcoin’ door with the King of Crypto currently trading cautiou ly around the $9,400 upport area. Earlier on in the week,&nb p;BTC dipped hard below $9
Bitcoin is Still on Track to a Profitable Q2 2020
The month of June ha approximately two week left and it clo e will u her in the third quarter of 2020 a well a the econd half of thi year. The econd quarter of 2020&nb p; tarted off&nb p;wit
Boomers are Investing in Bitcoin Thanks to the Fed’s QE
According to&nb p;a recent report by Bloomberg, the increa ed intere t in Bitcoin by inve tor above the age of 55 ha al o been a a re ult of&nb p;Paul Tudor Jone &nb p;declaring he wa al o u in
Majority of Bitcoin Investors Treat BTC as Digital Gold
The team at Chainaly i ha relea ed&nb p;a comprehen ive report&nb p;that highlight how inve tor and trader view and u e Bitcoin. In the report, the team highlight the fact that roughly 60% of
Bitcoin Can Capture 33% of Gold’s Marketcap to hit $180k
Talk of in titutional inve tor getting into crypto gathered momentum back in mid-2017 when new hit the internet that the CME Group and CBOE would tart offering Bitcoin future contract by Dec