Bitcoin correlation with gold drops, highlighting risk-on nature remains

Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […] The post Bitcoin correlation with gold drops, highlighting risk-on nature remains appeared first on CoinJournal.

262 +

Bitcoin (BTC) Price Retests $30K as It Hits New Multi-Month High

Coinspeaker Bitcoin (BTC) Price Retests $30K as It Hits New Multi-Month High With the Federal Reserve refusing to back down on its rate hikes, investors are beginning to turn to risk-on assets to safeguard any potential fallout from hawkish monetary policies.

300 +

The Rise of Uwerx (WERX) in 2023: Crypto Price Predictions and Analysis

Bitcoin (BTC) broke $25,000, and altcoins have started rallying. The market is very much risk-on, and traders have the chance to make huge returns in the first quarter. A new up-and-coming protocol, Uwerx, aims at the freelancing industry.

520 +

Research: Bitcoin, risk-on assets under short-term pressure as macro narrative flips

Bitcoin and other risk-on assets are under short-term pressure as the macro narrative flips from recession to sticky, entrenched inflation. The post Research: Bitcoin, risk-on assets under short-term pressure as macro narrative flips appeared first on CryptoSlate.

286 +

Bitcoin Has Entered Into The Early Bull Phase — Crypto Pundit Avers

345 +

Bitcoin [BTC] investors embrace risk-on approach, but beware of hidden risks

Bitcoin investor appetite has resumed, according to multiple indicators. However, there is still a risk for BTC's downside.  As per a CryptoQuant analysis on 19 January, multiple signals weThe post Bitcoin [BTC] investors embrace risk-on approach, but beware of hidden risks appeared first on AMBCrypto.

416 +

Two metrics show Bitcoin in uptrend, historically a good time for risk-on assets

Long-term Bitcoin (BTC) holder behavior is considered one of the most determinate factors to assess BTC performance, the market’s top, and the market’s bottom. The post Two metrics show Bitcoin in uptrend, historically a good time for risk-on assets appeared first on CryptoSlate.

372 +

What Bitcoin’s Inflation Hedge Narrative Needs: More Time

Whether or not Bitcoin and other cryptocurrencies are long-term inflation hedges and a store of value or simply a “risk-on” speculative assets preferred in times when bond yields are unattractive is yet to be perfectly understood.

255 +

Paul Tudor Jones sees Bitcoin much higher as fiscal excess unwinds

On holding Bitcoin, Hedge Fund Manager Paul Tudor Jones said he has “still got a very minor allocation, I’ve always had a small allocation to it.” This is despite its highly correlated moves with the risk-on market, not to mention stagnant price action lately, with the past month seeing the BTC price ranging between $18,300 […] The post Paul Tudor Jones sees Bitcoin much higher as fiscal excess unwinds appeared first on CryptoSlate.

366 +

Crypto Market Forecast: Week of September 12th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong Friday as the global investment community turns on risk-on, Russia works on building cross-border stablecoin payment solutions, and Ethereum moves closer to transitioning to Proof-of-Stake.

218 +

Bitcoin Rallies as U.S. Inflation Cools to 8.5%

The decline in inflation following the four-decade record print of 9.1% in June could bode well for risk-on assets like equities and cryptocurrencies. Bitcoin and Ethereum jumped in response to...

345 +

Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip

A lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly “risk-on.”

257 +

By The Numbers: Bitcoin Suffers Largest Single Day Drop Since March 2020

The price of Bitcoin (BTC) has dropped by almost 30% in the last 7-days. The number one crypto by market cap dropped below critical support as macro-economic conditions worsen for risk-on assets. The general trend across global markets seems to point to the downside.

340 +

Can Bitcoin Become “One Of The Best Assets On Earth”? This Expert Bets On It

The best risk-on asset in the past decade, Bitcoin, is in a process of transition. Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, said in a recent interview with Kitco News’ “On The Spot”.

424 +

Bitcoin Breaks $30K, But Could Price Entrap Late Longs?

Bitcoin has been trading in the green over the past 24 hours as traditional markets see an overall recovery. The number one crypto by market cap experienced an increase in selling pressure over the past month as macro-economic conditions favored a decline in risk-on assets.

338 +

Evaluating Bitcoin’s Risk-On Tendencies

It’s possible that equities volatility has yet to peak this year and further volatility spikes could have a negative impact on the bitcoin price.

222 +

Is Bitcoin a Risk-On or a Risk-Off Asset? Maybe It’s Neither

So, we have high inflation and everyone piled into bitcoin and its price shot up, right? Not quite…

279 +

What risk-on asset Bitcoin should expect before smart money arrives

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In November 2021, news came out that the U.S Consumer Price InThe post What risk-on asset Bitcoin should expect before smart money arrives appeared first on AMBCrypto.

596 +

First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline

The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.

430 +

Risk returns to crypto as some Bitcoin donations make their way to Ukraine

Bitcoin and digital assets analyst Marcus Sotiriou says that risk-on sentiment is back in the crypto market after Thursday’s sell-off that wiped off $143 million in BTC shorts within hours.

453 +

Cardano, Shiba Inu and Ethereum Log Steep Losses as Bitcoin Remains on Shaky Ground

Bitcoin is in risk-on mode yet again, trading in lockstep with stocks and pushing altcoins significantly lower, while gold continues to shine

344 +

A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High

Bitcoin and Ether continue to struggle as they trade around $48k and $3,800 respectively on Friday. The leading cryptocurrency is now testing a key technical level that has been acting as a floor for Bitcoin over the past two years.

660 +

Year 2021 Data Cements Bitcoin As Risk-On Asset

Data shows that Bitcoin has increasingly behaved like a risk-on asset in the year 2021 as its price movements have reacted to the VIX volatility index. Bitcoin Cements Itself As A Risk-On Asset During The Year 2021 As per the latest weekly report from Arcane Research, BTC has behaved like a risk-on asset this year as the crypto’s price has seemed to follow VIX.

349 +

Expert: Bitcoin remains a risk-on asset despite last week’s inflation-driven surge

Bitcoin price spiked above $69k as US inflation data showed the highest increase in… The post Expert: Bitcoin remains a risk-on asset despite last week’s inflation-driven surge appeared first on Coin Journal.

216 +

Bitcoin Cash: This resistance trifecta could spoil chances of a 20% rally

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Underpinned by a risk-on broader market and Bitcoin's successionThe post Bitcoin Cash: This resistance trifecta could spoil chances of a 20% rally appeared first on AMBCrypto.

244 +

Big Week Ahead? Bitcoin Rallies Towards ATH, Ether Sets A New High, Crypto Marks Hits $3 Trillion

The risk-on sentiments have the crypto market surging with Bitcoin above $66k and Ether near $4,750 while USD net long positioning declining for four weeks straight to their lowest level since late September.

281 +

Shift to Risk-on: Bitcoin Is Up 12% Already in Uptober Amidst Stock Market Weakness

Starting the month around $44,000, Bitcoin price went as high as $49,300 late on Sunday. As of writing, BTC/USD is trading around $47,650 with $26 billion in trading volume. Last week Friday’s uptrend in Bitcoin’s price was the biggest daily gain since July, which was also seen in other crypto assets as well.

334 +

Bitcoin slides with S&P 500 as Fed signals tapering $120B monthly bond purchases

The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar.

205 +

Macro Suggests Crypto Cycle Top Might Not be In, Risk-on Could Become a Key Narrative Once Again

After going to nearly $40,000, Bitcoin is down at $38k yet again today. Meanwhile, Ether, currently above $2,600, went as high as $2,770 late on Wednesday ahead of its much anticipated London upgrade that will activate EIP 1559.

517 +

Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold

Goldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on” inflation hedges whereas gold is a “risk off” asset.

284 +

Bitcoin is An Alternative to Copper As A ‘Risk-On’ Inflation Hedge Instead of ‘Risk-Off’ Gold: Goldman Sachs Analyst

Instead of gold, cryptocurrencies are an alternative to copper as a hedge against inflation, said Jeff Currie, global head of commodities research at Goldman Sachs. Bitcoin has been deemed as a hedge against the rising prices, giving competition to the traditional safe-haven asset precious metal.

342 +

Risk-on Sentiment Sending Bitcoin, Ether, & Gold Higher as President Biden Declares ‘We Can’t Let Up’

While the S&P 500 hit a new record high after the disappointing jobs report, the market is now expecting Bitcoin to make its way past $70k and Ether to get ready to hit several new levels. The post Risk-on Sentiment Sending Bitcoin, Ether, & Gold Higher as President Biden Declares ‘We Can’t Let Up’ first appeared on BitcoinExchangeGuide.

469 +

Fed Promises to Keep Monetary Policy Loose; Interest Rate Near Zero & Inflation Above 2%

The dovish tone from the Fed is pushing the USD down, which has been falling throughout this month while the risk-on environment is good for both stocks and bitcoin. The post Fed Promises to Keep Monetary Policy Loose; Interest Rate Near Zero & Inflation Above 2% first appeared on BitcoinExchangeGuide.

311 +

Risk-On Sentiment Sends Crypto & Stock Market to New All-Time Highs as Bitcoin Holds the Line

“60k is merely a psychological resistance” as BTC miners accumulate, on-chain activity gives “strong vote of confidence,” futures premium rises, dollar slides, and OI keeps above $22 billion. The post Risk-On Sentiment Sends Crypto & Stock Market to New All-Time Highs as Bitcoin Holds the Line first appeared on BitcoinExchangeGuide.

379 +

Big Tech sell-off and rising Treasury yield pin Bitcoin price below $50K

A sharp spike in the 10-year U.S. Treasury yield and an extended Big Tech sell-off is weighing on cryptocurrency prices as investors flee risk-on assets.

318 +

A Look at the US Dollar as Bitcoin Wobbles Around $50,000

The US dollar has performed fairly better against the booming risk-on sentiment that has witnessed the S&P 500, the Dow Jones, the Nasdaq Composite, and even Bitcoin achieve their respective record highs.

305 +

Bitcoin’s Battle With $50,000 is On Amidst the Risk-On, Weaker-Dollar Mode

The price of Bitcoin has finally hit $50,000. However, not all exchanges got to see the breakout of $50k, which was missed by a hundred or fewer dollars. But the price is now back below the level and around $49,500 at the time of publishing.

307 +

Bitcoin Extends Recovery Rally on Firmer Dollar, Stimulus Negotiations

Bitcoin prices climbed for the second day on Tuesday, spurred by increased optimism over the second stimulus package in the United States and a firmer US dollar. Positive risk-on momentum throughout the Asian and the early European session briefly pushed the flagship cryptocurrency to a new week-to-date high of $35,469. It later corrected lower by […]

398 +

Bitcoin Heads Towards $35,000 as Biden Stimulus Hurts US Dollar

Bitcoin resumed its uptrend ahead of the New York session Monday as traders weighed their risk-on opportunities against the US President Joe Biden’s stimulus plans and its potential bearish impact on the US dollar.

314 +

Bitcoin En Route to $30,000 After Price Falls ~12% in a Day; Here’s Why

Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $30,000 for a potential pullback. The sell-off occurred despite a positive risk-on sentiment across the traditional markets.

336 +

$789 Million Liquidated as Bitcoin Collapses Below $22,000. Here Are Three Reasons Why This Happened

Bitcoin and other risk-on assets take a sharp fall as the dollar is back in the driver's seat

373 +

Jeff Currie Talks Bitcoin, Risk, Inflation Hedge

Risk On, Risk Off Goldman Sachs Head of Commodities Research Jeffrey Currie told Bloomberg TV on Dec. 17 that he sees Bitcoin as a risk-on growth proxy. He compared it to copper and said that overlaying their pricing charts shows that they act in much the same way.

385 +

Here’s Why Bitcoin Could See One More Correction Before Its Uptrend

From last week’s highs, Bitcoin sustained a heavy correction into Saturday. The cryptocurrency fell from $16,000 to a low of $14,300, marking the first large correction of the recent uptrend. The cryptocurrency has since bounced back as the markets have turned risk-on once again on news of a seeming Biden presidency. While the Nasdaq futures […]

341 +

Bitcoin Reaches 16-Month High As Raoul Pal Expects Fresh All-Time High In 3 Months “At The Latest”

The week started on a low note as altcoins, global stocks, and other risk-on assets all bled. The Dow Jones, in particular, fell by almost 800 points on Monday as investors pondered what a contested election would do to the much-needed coronavirus stimulus aid.

270 +

Chainlink Rallies Higher as Analysts Expect Further Mid-Term Upside

Chainlink has seen one of the strongest rebounds from its recent lows across the aggregated altcoin market, with its price rocketing higher as investors begin rotating capital into “risk-on” assets as Bitcoin and Ethereum show signs of strength.

358 +

Here’s How Stock Market Turbulence Could Crush Bitcoin Short-Term

Bitcoin has been trading in close tandem with equities throughout the past several days Heightened correlation to risk-on assets is a common BTC trait during times of immense global turbulence Although this strikes a blow to its safe-haven narrative, the cryptocurrency still has a long way to go before it fully decouples with the traditional markets This global economic turbulence that is weighing on Bitcoin may only get worse as the year drags on and […]

325 +

How the VIX Could Pave the Way Higher for Bitcoin and Risk-On Assets

Bitcoin could be at a major turning point in its lifecycle, but the risk hanging over the global markets may get in the way. According to the VIX, a measure of anticipated market volatility has been elevated all throughout 2020 to the highest point since the Great Recession.

263 +

Analyst Expects Bitcoin to Retest $11.7K as Price Slips 6.10%; Here’s Why

Bitcoin experienced as a sizeable selloff at the beginning of this week against an improving risk-on sentiment. The benchmark cryptocurrency was down by as much as 6. 1 percent from its weekly high at $11,823.

365 +

Bitcoin Cautious As Analyst Predicts Pullback in Risk-On Markets in July

Bitcoin is trending sideways within a $300 trading range for the last two weeks amid growing uncertainty in risk-on markets. Traders expect the cryptocurrency to attempt a breakout but remain unsure about the direction of the next price move.

369 +