Trader explains Bitcoin’s link to the S&P 500
A practicing trader and founder of the Crypto Shaman project, Vadim Shovkun.
Trader explains Bitcoin’s link to the S&P 500
A practicing trader and founder of the Crypto Shaman project, Vadim Shovkun.
Willy Woo sees Bitcoin regaining its status as a ‘safe haven’.
The renowned analyst Willy Woo says that the decline in Bitcoin's correlation with stock-market dynamics confirms his September forecast that Bitcoin would regain its status as a safe asset.
Bitcoin returns have far outpaced gold and stocks
The price of the first cryptocurrency has risen by more than 80% since the start of the year. Over the same period, gold has gained 26.3%, and S&P 500 quotes have risen by 6.2%. These observations were shared by Arcane Research analyst Vetle Lunde.
Researcher: Bitcoin–S&P 500 correlation strengthens in falling markets
Bitcoin is fairly closely correlated with American stocks. The statistical relationship is strongest during periods of turbulence in global financial markets and is almost absent during periods of price stability. This observation was shared by The Block researcher Larry Chermak.We use cookies to improve the quality of our service.
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