Bitcoin Price and Stocks Do Not Correlate, Indicates Latest FRED Data

2019-4-10 18:14

Cryptocurrency and stock price movements do not correlate with each other, indicated the latest Federal Reserve Economic Data (FRED). The data pitted S&P 500 index performance against the cryptocurrency index managed by US-based Coinbase crypto exchange platform.

The results were some interesting shaky lines – often going in the same but mostly in the opposite. . .

The post Bitcoin Price and Stocks Do Not Correlate, Indicates Latest FRED Data appeared first on NewsBTC.

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