{"id":43250,"date":"2021-05-26T18:13:20","date_gmt":"2021-05-26T15:13:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43250"},"modified":"2025-08-31T02:48:21","modified_gmt":"2025-08-30T23:48:21","slug":"dbs-finds-bitcoin-volatility-affecting-the-stock-market","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dbs-finds-bitcoin-volatility-affecting-the-stock-market\/","title":{"rendered":"DBS finds bitcoin volatility affecting the stock market"},"content":{"rendered":"

The correlation between bitcoin and S&P 500 futures widens as price swings in the first cryptocurrency intensify. Analysts at DBS, Singapore’s largest bank, \u043f\u0440\u0438\u0448\u043b\u0438<\/a> to that conclusion.<\/p>\n

Researchers noted a positive statistical correlation between daily bitcoin price changes and S&P 500 futures dating back to November 2020. While modest, the correlation coefficient stood at 0.2.<\/p>\n

According to a more granular analysis, the measure climbs to 0.26 during sharp price swings in the digital gold. The analysts counted +\/- 10% moves on an hourly interval, which occurred on December 28, 2020, January 4 and 29, and May 19, 2021.<\/p>\n

\n
\"DBS
Data: DBS.<\/figcaption><\/figure>\n<\/div>\n
\n

“This suggests that overall market sentiment may reflect the increasing correlation with Bitcoin dynamics over a limited period (60 hours), leading to unusually large moves.”<\/em> \u2014 the specialists explained.<\/p>\n<\/blockquote>\n

Other statistical observations confirmed the hypothesis that after substantial Bitcoin price swings, stock market volatility was noticeably higher than usual.<\/p>\n

\n
\"DBS
Data: DBS.<\/figcaption><\/figure>\n<\/div>\n
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“Bitcoin is no longer a \u2018peripheral\u2019 asset as it once was. Given the recent sell-offs, market participants may wish to monitor developments in this space as part of risk and sentiment monitoring.”<\/em> \u2014 the experts concluded.<\/p>\n<\/blockquote>\n

In January 2021, the chief economist at Bank of Singapore said that digital assets could to secure a safe-haven status<\/a> and become rivals to gold.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full feed of news, ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"

The correlation between bitcoin and S&P 500 futures widens as price swings in the first cryptocurrency intensify. Analysts at DBS, Singapore’s largest bank, \u043f\u0440\u0438\u0448\u043b\u0438<\/a> to that conclusion.<\/p>\n","protected":false},"author":1,"featured_media":43251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1572,1145,1211],"class_list":["post-43250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-dbs","tag-market-analysis","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43250"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43250\/revisions"}],"predecessor-version":[{"id":43252,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43250\/revisions\/43252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/43251"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}