Stocks, Greed and Exuberance: 5 Things to Watch in Bitcoin This Week
Bitcoin price remains stable above $9,000 as data increasingly points to irrationally optimistic behavior on correlated stock markets. Go to Source Powered by WPeMatico
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Correlation Between Bitcoin Price and Stocks Reaches a New All-Time High
Bitcoin’s correlation to the S&P 500 has reached a new all-time-high, what does this mean for BTC price? Go to Source Powered by WPeMatico
Bitcoin’s Correlation With Gold Is Weakening, Says New Kraken Report
A drop in Bitcoin trading resulted in a six-month low of Bitcoin’s annualized volatility. Go to Source Powered by WPeMatico
US Dollar Slump Incoming: Bank of America Sees ‘Death Cross’ as Confidence in Gold Rises
The US dollar is increasingly being viewed in a negative light by investors. Bank of America analysts are seeing a “Death Cross,” a bearish technical formation suggesting that a period of dollar weakness is coming. Meanwhile, confidence in gold has been rising. Investors Losing Confidence in US Dollar Investors are increasingly viewing the U.S. dollar … Read more
China Stocks Boom Bullish for Bitcoin? 5 Things to Watch This Week
A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike. Go to Source Powered by WPeMatico
Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange
The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U.S. initial public offering (IPO) by selling company shares. Since the initial sale on opening day, Ebang’s Nasdaq-listed “EBON” is down 11.5%. So far, the … Read more
Bitcoin, Stocks at Risk as Dr. Fauci Predicts 100K Daily New COVID Cases
Stocks and Bitcoin prices could correct sharply if Dr. Anthony Fauci’s dire coronavirus warning plays out. Go to Source Powered by WPeMatico
All Inflation? In Bitcoin Terms, Stocks Never Recovered From Covid-19
Bitcoin and gold denominated stock market performance wipes out almost any hint of recovery since March. Go to Source Powered by WPeMatico
Chinese Mining Company Ebang to Reportedly List on Nasdaq This Week
Ebang will reportedly get listed on Nasdaq on June 26, hoping to raise $125 million in an initial public offering. Go to Source Powered by WPeMatico
Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment
The cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms “bitcoin” and “buy bitcoin” dropped from the 100 point highs to … Read more
