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On May 22, Bitcoin (CRYPTO: BTC) hit a new all-time high of nearly $112,000. With a total market cap of $2.2 trillion, it now ...
But this cloud has a silver lining. Check out these charts: Look closely at the correlation, and then look at what the price of Bitcoin is doing at times when the correlation is at its lowest.
Historical average monthly performance of Bitcoin. Monthly data set is from December 2010 to latest monthly close. Source: Bitcoin Magazine Pro The first chart ... those of Nasdaq, Inc. Bitcoin ...
BTC/USD, 1-month chart. Source: Cointelegraph However, Bitcoin’s growing correlation with the Nasdaq 100 signals more sensitivity to economic data, according to Jag Kooner, head of derivatives ...
ETF flow data shows three consecutive days of net outflows for Bitcoin as correlation with Nasdaq grows ... An accompanying chart (above) shows Bitcoin’s realized market cap with the combined ...
On Jan. 20, Bitcoin ... charts from these two different market cycles, they would look remarkably similar. And I mean, remarkably similar. Earlier in the year, there was a 92% statistical ...
While Bitcoin's current correlation with the NASDAQ 100 remains elevated, historical trends suggest that such correlations tend to be short-lived. Analysts believe a divergence in performance may ...
If Bitcoin resumes its correlation with the lagging 2017 cycle, the historical precedent suggests that Bitcoin could soon recover from the current correction, and a sharp upward move could follow.
Looking at TradingView data, on a 30-day correlation ... bitcoin rise while the Nasdaq has fallen. This may be a small sample size, but it is something to keep an eye on. Fidelity data shows two ...
Bitcoin is now down 22% from its all-time high in January, triggering intense debate about where it's headed next. Bitcoin typically follows four-year market cycles, so many market analysts are ...
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