The first quarter of 2020 saw something unusual happening, as Bitcoin and the stock markets were highly correlated, according to a Binance Research. The analysis released by the popular exchange reveals some interesting figures, and that will be our topic for today. Popular cryptocurrencies highly correlated Before we dig into
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Despite starting a correction higher since March 13th, Bitcoin buyers did not prove strong enough to erase a big portion of the lost ground. The massive selling witnessed on March 12th, which drove Bitcoin all the way to the $4,000 area, seems to have completely change the big picture and
It seems like Bitcoin had not been hit hard by the recent massive selloff since bullish predictions had already started to show up. The past week had been very positive for the largest cryptocurrency, which managed to rebound towards the $7,000 area. That follows after an impulsive drop all the
One of the most popular crypto and blockchain data analytics firms had provided a series of new insightful data regarding the March flow of Bitcoin transactions, explaining why the price had slumped so aggressively. Even though the selling orders were massive, what the company revealed suggests that we might be
This is no time to be in cryptocurrencies, with all major stock markets dropping by more than 30% in less than 3 weeks. If some people had any doubts that the way risk assets (stocks, ETFs, etc.) perform will influence a volatile cryptocurrency like Bitcoin, now things are very clear.
The Bitcoin market turned south this week as all financial assets had been hit by a bloodbath of selling. Even though Bitcoin had been able to consolidate at a higher level, that wasn’t enough to stage a continuation of the rally. Buyers are now on their tiptoes given the selling
The cryptocurrency market had shifted its attention to other fundamentals in 2020, but still, the idea of a Bitcoin ETF in the United States continues to play a major role in investors’ minds. At the time of writing, companies like Kryptoin, Crescent Crypto, and Wilshire Phoenix still have submitted proposals
Bitcoin had sent a positive signal so far, given the performance it had in 2020, suggesting there is still upside potential left. A series of factors continue to point out towards an increase of valuations, and at the same time, technical move hand in out with valuations. Even though figures
The World Economic Forum had taken place during the past few days in Davos, Switzerland, and even though the main topics had been the global economy and climate change, the topic of cryptocurrencies had been part of some discussion. As usual, Ray Dalio, the founder of Bridgewater Associates, the biggest
The positive Bitcoin performance continues to unfold after a promising start of the year. Last week we’ve seen how it tested the $8,000 area and now it hovers around $9,000 showing no sign of weakness. Let’s examine both the technical and fundamental picture because there had been some developments supporting
