2020-1-17 18:52 |
The U.S. stock market is drunk on unfounded optimism, and a nauseating plunge could be in the cards if fundamentals don't catch up soon. The post The U.S. Stock Market Is All Teed Up for a Nauseating Plunge appeared first on CCN.com
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JPMorgan Chase has unveiled a new ChatGPT-based AI model that predicts stock market moves based on Federal Reserve statements. The post JPMorgan Unveils ChatGPT AI Model to Predict Stock Market Moves on Fed Statements appeared first on BeInCrypto.
A quant has explained how there is a connection between the recent trends in the US stock market volumes and the Bitcoin price. TradFi Depth Oscillator Has Hit A Low And Is Now Turning Back Up As explained by an analyst in a CryptoQuant post, the volume depth in traditional finance markets has been low recently.
Anthony Scaramucci advises investors to “remain disciplined” amid a further crypto tumble coupled with threats of higher inflation. The post Anthony Scaramucci Advises ‘Discipline’ During Crypto Market Decline appeared first on BeInCrypto.
Today the cryptocurrency market experienced a sudden crash, with Bitcoin and Ethereum prices falling. Other major coins also saw a significant fall. Around $100 billion was wiped from the combined value of all cryptocurrencies in just minutes.
The crypto market has turned red even after the latest FOMC meeting. Bitcoin inches towards the $35,511 mark, and altcoins are getting a beating too. Bitcoin responded to the Federal Reserve’s 50 basis-point interest rate hike by dropping more than 10% in one day, its most significant decline in two months.
Data shows the Bitcoin correlation with S&P 500, and hence the stock market, has now set a new all-time high (ATH). Bitcoin Correlation With S&P 500 Reaches New High As pointed out by an analyst in a CryptoQuant post, the BTC correlation with the stock market is currently at an all-time high, further damaging the “safe haven” narrative.
Passfolio Securities, a US registered broker-dealer, wants to make investments in the United States stock market accessible for anyone in the world. With Passfolio’s app, people from more than 170 countries can fund their accounts using cryptocurrencies (via Passfolio Financial*).