There is a state of uncertainty prevailing in the world so both stocks and bitcoins look the same despite the great difference between them. This matter will not continue for long, especially with the approaching end of the world and the news about covid19.
The charts do not follow each other consistently, but rather there is a lot of difference between them, so we cannot say that they are similar or carry the same rise / fall.
Topic: Bitcoin stock market Correlation Decoupling - page 2. (Read 303 times)
so it look like the stock and btc go both separete ways.
as btc vs stox Correlation Decoupling
what it could mean?
Bitcoin is still well corellated with S&P 500, the recent increase in price of Bitcoin was due to the recent news when Powell spoke in a panel hosted by international monetary fund about potential costs and benefits of Centra Bank Digital Currency for the US economy.as btc vs stox Correlation Decoupling
what it could mean?
The last time i checked, Bitcoin performance was still tide to stock market. Check the image below, early this month, and increase in sp500 has always shift significantly to Bitcoin and vice versa.
That's S&P500 as line graph and Bitcoin as cadle chart and volume, there is slightly shift and deviation of Bitcoin from stock market in the second image, which of course everyone is waiting for the election day. Bitcoin will decide its new path after US election by November.
By the way, this is the first time Bitcoin Price Has Only Ever Spent 93 Days Above $11,500
so it look like the stock and btc go both separete ways.
as btc vs stox Correlation Decoupling
what it could mean?
as btc vs stox Correlation Decoupling
what it could mean?
If BTC and stocks are sometimes positively correlated and sometimes negatively correlated, then they are ultimately uncorrelated -- by definition.
BTC vs. Stocks Tolerance Decoupling is constantly being updated in that case Bitcoin is up and down depending on the trading charts and demand and not on the stock. Contrary to popular belief in the stock market and directly in conflict with the value of assets. When others are greedy the price of the stock goes up so the investor has to be careful not to spend too much to buy the stock. This can result in loss or damage again when the share price goes down then others are afraid to buy the shares and then is the right time to buy the shares.
so it look like the stock and btc go both separete ways.
as btc vs stox Correlation Decoupling
what it could mean?
as btc vs stox Correlation Decoupling
what it could mean?
Give it a few more days.
Stocks and BTC have both been uptrending on the daily chart since late September. Both were just in a ~5 day pullback. BTC broke upwards again today, stocks just haven't followed......yet.
The S&P 500 is still holding comfortably above the 20-day and 50-day MAs and the previous trading range. I wouldn't get too bearish just yet.
so it look like the stock and btc go both separete ways.
as btc vs stox Correlation Decoupling
what it could mean?
as btc vs stox Correlation Decoupling
what it could mean?
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