Crypto could be deceptively fragile amid mirage of equity bull market

It’s impossible to analyse Bitcoin without casting an eye around the macro landscape and assessing what is happening with other asset classes. None more so than equities, with which Bitcoin’s correlation has been high throughout the last eighteen months, bar a few isolated episodes.

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Is Bitcoin regaining its status as a safe-haven asset?

Bitcoin is on track for its third consecutive month of positive gains as investors continue to see it as a hedge against the recent bank failures. Bitcoin has been breaking up with equities What’s more interesting is that it’s no longer trading in lockstep with the S&P 500.

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$4.3 Trillion in Cash Sidelined for New Bitcoin, Equities Bets

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Bitcoin Gains Independence From the Traditional Markets to Move in Line with Gold

Ever since last month, the one-month correlation between Bitcoin and S&P 500 has been on a constant decline, going from an all-time high of 78.8% on July 8th to now just at 26%. While the equities market is continuing on its upwards trend with a few retracements along the way, after trading sideways for close […]

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This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor

Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading range since the start of May. The equities market has been stable as of late, with its ongoing consolidation coming close on the heels of a historic rebound […]

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Market Wrap: A Sea of Red Across Markets as Bitcoin Drops to $9.2K

Bitcoin experienced a dip on Wednesday, but equities and other assets also dropped on an uncertain economic outlook.

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Bitcoin, Equities Markets Rally on Signs of Hope

"Looks like we're piggybacking on equities with some data possibly indicating virus peaking," says a trader of bitcoin's 5 percent jump Monday.

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Crypto Long & Short: Is Bitcoin More Like Gold or Equities?

Bitcoin markets have behaved a lot more like equities than gold during recent market swings. But widen the time frame and things start to look shinier.

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Bitcoin’s Safe Haven Narrative Revived As Correlation To Gold Hits ‘Levels Never Seen Before’

Bitcoin’s status as a safe haven almost became invalidated as the crypto-asset moved in lockstep with the United States equities in recent weeks. However, a new report by United States investment firm VanEck, reveals that bitcoin’s correlation to gold has significantly increased in 2020 due to the recent coronavirus-driven market downturn. The increased correlation to […]

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Bitcoin’s Correlation with US Equities ‘Unlikely to Persist’, says Binance Research

Binance Research has published a report that highlights specifics about the effects of the current financial plunge on the world’s financial markets. In the post titled ‘How Has the Recent Market Turmoil Impacted Cryptocurrencies?’, the Binance Research team made a few points about the general performance of the crypto market in the first quarter of […]

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Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis

Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities.

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Bitcoin's recovery over the week undercut by weekend slips

Despite the many bumps on its road, Bitcoin has been acting as a beacon for other risk assets after its price rallied a week before Gold and equities. However, over the past week, Bitcoin did not reflThe post Bitcoin's recovery over the week undercut by weekend slips appeared first on AMBCrypto.

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Bitcoin Diverges From Falling Equities With $500 Price Rise

Bitcoin rose by 7 percent early on Monday even as the risk-off mood returned to the traditional markets.

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Why a veteran investor believes Bitcoin will revisit its $20,000 high within 12 months

We are in uncertain times for global markets, there’s no doubt about it; all asset classes — from Bitcoin and equities to bonds and commodities — have seen dramatic sell-offs over the past few weeks, crunched under the pressure of one of the most drastic economic and health crises ever, epitomized by the 3.

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Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red

Bitcoin dropped below $6.1K and bulls need to show strength as the weekly and monthly close approach

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Bitcoin in Rangebound Trading as Equity Markets Fail to See Stimulus Boost

The bitcoin market is looking pensive as global equities fail to respond positively to the U.S. Senate's approval of a massive coronavirus stimulus package.

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Here’s why the U.S. unemployment rate may be a big deal for the crypto market

The U. S. stock market has incurred some notable upwards momentum today, marking an extension of that which was first incurred yesterday. This has allowed Bitcoin to also post some notable gains, with the nascent crypto market continuing to closely track equities.

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Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto

No market or facet of the economy has been spared amid the coronavirus crisis, crypto included. Case in point: since the $10,500 high seen in mid-February, the price of Bitcoin has cratered by 36 percent, posting similar losses to markets like American equities and commodities (namely oil).

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Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement

Bitcoin bulls set their sights on $7,000 as equities markets rallied on hopes of a multi-billion dollar economic stimulus package being signed by President Trump

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Two Popular Altcoins Still Recording Over 140% Gains in 2020 So Far

As Bitcoin jumps to nearly $6,900, altcoins follow up. However, this time, the world’s leading cryptocurrency is the one that is ruling the market with over 6% gains in the past 24 hours. After experiencing a massive sell-off that dominated all asset classes, whether equities or gold, Bitcoin with other risky and safe-haven assets are […]

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Bitcoin Investors May Soon Have “Massive Opportunity” as BTC Targets $4,200

Bitcoin has been able to continue climbing higher today, with the ongoing rebound in the equities market allowing Bitcoin to further extend the momentum that was first incurred last week when the cryptocurrency rallied from the lower $5,000 region to highs of $6,900.

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Australian Share Market Reveals Potential Storm for US Equities While Bitcoin Falls

The ASX fell sharply during its opening session Monday after Australia's Prime Minister announced drastic measures to curb the spread of coronavirus.

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Bitcoin’s 85% Bounce Shows Crypto Is Fundamentally Alive and Well

Bitcoin and the rest of the crypto market – even traditional equities markets and precious metals – have been suffering through one of the worst selloffs the world has ever seen in the face of a global pandemic.

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Decoupling? Bitcoin Price Up 40% Since Last Week, Stocks Not So Much

Massive Coronavirus stimulus packages from the US and EU strengthened equities markets and possibly helped Bitcoin rally to $6,359 today

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Crisis Impact: Most Assets Returned to 2016 Prices While Bitcoin Holds Strong

Bitcoin and the rest of the cryptocurrency market has been collapsing alongside traditional equities, precious metals, and the rest of the financial world as a liquidity crisis unfolds. Fears over the coronavirus has investors preparing for the worst, cashing out assets at a rapid rate, and driving down prices of most assets to prices not...

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Bitcoin Sees 9% Gain as Turmoil Hits the Forex Markets

Bitcoin is gaining amid a selloff in most fiat currencies and could rise further if the U.S. stock markets track European equities higher.

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Bitcoin Faces Another Down Day as Equities Reject Stimulus Efforts

Bitcoin remains at the mercy of the equity markets, which are struggling to gather upside traction despite the Federal Reserve's massive stimulus package.

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Crypto exchange white-label Modulus over $1M in BTC accepted since adding as payment option

Modulus, a US-based developer of high-performance trading and surveillance technology for global equities, derivatives, and digital asset exchanges, today announced that it has had great success in accepting blockchain payments in bitcoin (BTC) from clients for services rendered in the licensing and servicing of its proprietary white-label digital asset exchange.

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4 Key Bitcoin Metrics Show Not All Hope Is Lost for BTC Price

Key Bitcoin metrics show the network and digital asset are holding up well as equities markets turn bearish and COVID-19 halts economies across the globe

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Ethereum Could Buck Market Trend and Rally to $180 if Key Level is Defended

The global market meltdown has continued today, with the U. S. equities market plummeting as Bitcoin and most major altcoins also post some notable losses. This decline today led Ethereum to lows of $105, which is where it was able to find some support.

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‘Extreme Fear’ Grips Markets Despite Oversold Bitcoin Price Metrics

Bitcoin’s chance of rallying higher improves above $5.5K but this appears to depend more on mainstream media and equities markets performance

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Bitcoin Price Briefly Dips to 12-Month Low in Overnight Trading

Bitcoin has erased a dip to $3,867 seen early on Friday, alongside positive action in global equities.

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Bitcoin, a decent, but not a full hedge: Fundstrat's Lee

Many argue that Bitcoin, since its inception, has by and large been uncorrelated to macro assets like equities, gold, and oil. This very fact has built the case for Bitcoin as a 'safe haven' asset - aThe post Bitcoin, a decent, but not a full hedge: Fundstrat's Lee appeared first on AMBCrypto.

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Here’s Why Bitcoin Could Rip to the Upside, Moving Past $8,000

Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000, then potentially higher to recover some of the strong losses the asset incurred at the start of the week.

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Crypto Fundraising and a Nothing-Is-Safe Haven

An update on the safe haven narrative as bitcoin continues to move with equities plus a crypto startup fundraising roundup

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Peter Schiff Says Bitcoin (BTC) Is 'Done' After Failing as Digital Gold

Peter Schiff of Euro Pacific Capital says that you can put a fork in Bitcoin (BTC) after it collapses with global equities

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Bitcoin's increasing correlation: What's driving it?

Bitcoin is has been long touted as an uncorrelated asset with other macro asset classes such as equities, fixed income, gold, and oil. One of the most popular narratives of Bitcoin is being a 'safe-haThe post Bitcoin's increasing correlation: What's driving it? appeared first on AMBCrypto.

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Bitcoin Maintains Gains as Global Equities Slide, US Yield Hits Record Lows

Bitcoin is printing gains amid coronavirus-led risk aversion in the traditional markets.

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Bitcoin Price Falls $1,400 in One Week — Is the Bear Market Back?

Crashing equities markets catalyzed Bitcoin’s selloff after the asset lost the $9.4K support but will the 21-WMA hold as support?

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No, Bitcoin Isn’t Correlated to the Stock Market or Gold – Claims Analyst

Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe.

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Coronavirus concerns did not cause the Bitcoin price to spike 15%, but here’s what actually did

The Bitcoin price has climbed by 15 percent in the past two weeks from $8,565 to $9,800. While many attribute the upsurge to the coronavirus outbreak, that argument is far-fetched. Bitcoin was on an upward trend regardless Throughout the past 12 months, the Bitcoin price has not demonstrated a clear inverse correlation with the equities […] The post Coronavirus concerns did not cause the Bitcoin price to spike 15%, but here’s what actually did appeared first on CryptoSlate.

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Bitcoin's CMBI index decreases as Chinese Equities face sell-off

Since the start of January, the mid-cap crypto index had registered collective growth of over 50 percent till the end of 3rd week. The small-cap crypto index registered a positive spike with well oThe post Bitcoin's CMBI index decreases as Chinese Equities face sell-off appeared first on AMBCrypto.

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Strong Bitcoin Rally Sparks Fears of a Virus-Driven Violent Recession

The spread of the deadly and highly contagious Coronavirus has kindled fear in the hearts of investors, as the global equities markets are now facing heightened recession risk as the death toll and potential economic impact of the virus grows at a rapid rate.

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Bitcoin Dip Continues after Trump Derails Iran Fears; Still Bullish?

Bitcoin continued to decline lower, while equities registered gains, after the tensions in the Middle East cooled. The benchmark cryptocurrency plunged 2. 44 percent to establish a new intraday low of $7,852.

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A 10% Bitcoin Allocation Investment Portfolio “considerably outperforms” a Typical one

TradeBlock, an institutional digital currency trading tools provider answered that in its recent blog where it found that the portfolio with a 10% Bitcoin allocation along with 55% equities and 35% bonds “considerably outperformed” the one without Bitcoin but included 60% equities and 40% bonds.

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Why Bitcoin Outperformed Gold by a Staggering 50% in 2019

2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st. Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst An interesting trend to watch this year has been.

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Strong NYSE Composite, Dow Jones May Give Bitcoin a Boost Into 2020

As Bitcoin (BTC) has floundered over the past few months, falling by 50% from $14,000 to $7,300, American equities have been performing rather well. Earlier this week, the S&P 500 set an all-time high at 3,150, and the index has gained some 25% in the past year alone — likely one of the strongest years.

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Bitcoin Erases 75% of October Price Rally as S&P 500 Hits Record Highs

Bitcoin is looking south after erasing three-quarters of the price rally seen in October. The bearish mood comes as the U.S. equities market is soaring in the opposite direction.

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30% Bitcoin Price Boom Coincides With Dow Jones Surge to Near Highs

Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset. However, it seems that the cryptocurrency is still at least macro and tangentially correlated with traditional equities.

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