Bitcoin's Correlation to U.S. Equities and Ether Weakens: Van Straten

1 day ago · To the general populace, bitcoin is considered a risk-on asset due to its volatility and perceived correlation with U.S. equities. In 2024, bitcoin and nasdaq have gone up or down …

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Bitcoin's Correlation To U.S. Equities And Ether Weakens: Van …

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18 hours ago · The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000.To the general populace, bitcoin is consid...

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Bitcoin Correlation With Ether Hits Lowest Level Since 2021

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Jan 19, 2024 · Bitcoin’s rolling 60-day correlation with ether has fallen below its 70% average for the first time in three years, indicating a shift in the relationship between the two largest …

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Bitcoin's Correlation To U.S. Equities And Ether Weakens: Van Straten

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The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000.

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Bitcoin's Correlation to U.S. Equities and Ether Weakens: Van Straten The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000. By …

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FAQs about Bitcoin's Correlation to U.S. Equities and Ether Weakens: Van Straten Coupon?

Which cryptocurrencies have a high correlation with ETH?

Crypto and Sector ETFs: Correlation Heat Map Of the five cryptocurrencies, Litecoin had the highest correlation with both bitcoin and Ether at 0.81, while bitcoin and Ether had a significant positive relationship, with a correlation of 0.79. Comparatively, Cardano and XRP had lower correlations, from 0.46 to 0.58, with their crypto peers. ...

Are crypto-related equities more correlated to bitcoin?

A few crypto-related equities have been more correlated to Bitcoin than any other assets on the market. The 90-day correlation coefficient for BTC/MSTR, BTC/COIN, and BTC/RIOT have all remained near 1 for the last several months. The symbols “BTC/xxxx” indicate the correlation coefficient for each asset as measured against Bitcoin. ...

Are Bitcoin and stocks correlated?

They believe certain assets are correlated, and assessing the degree to which two are correlated is a valuable insight into the market. Bitcoin and stocks share a common trait: they are both speculative assets. Such assets are often traded on price speculation rather than intrinsic value. ...

How does fear affect Bitcoin and tech stocks?

1. Market Sentiment and Speculation FOMO and Panic Selling: Bitcoin and tech stocks are often driven by investor sentiment. Fear of missing out (FOMO) can lead to sharp increases in correlation as investors rush to buy both assets. Conversely, panic selling can lead to sharp declines. ...

Why is the correlation between Bitcoin and NASDAQ erratic?

The correlation between Bitcoin and NASDAQ has been erratic, showing both positive and negative values over different periods. While the regression analysis has established that macroeconomic factors like the FED FUNDS RATE do not significantly influence this correlation, other factors may explain the erratic nature of the BTC-NASDAQ correlation. ...

Which commodity is most closely correlated to bitcoin?

Silver has been the commodity most closely-correlated to Bitcoin from October 2019 to October 2022, with a correlation coefficient of 0.26, according to the report. Gold’s correlation, by comparison, was just 0.15, perhaps due to silver’s greater volatility. The report notes: ...