#bitcoin correlation

Dear SHIB investors, watch out for the crypto hitching on to this bandwagon

Shiba Inu was expected to be a massive hit among crypto-enthusiasts this year. Especially as the meme coin network promised a whole lot of developments to its investors. However, the volatility of the market led investors to worry about their primary purpose of investing in a coin like SHIB – profits. Shiba Inu and its […]

Analyzing the challenges Dogecoin [DOGE] may face trying break free from Bitcoin [BTC]

It is no hidden fact that Bitcoin [BTC]’s dominance in the crypto market has a profound effect on other cryptocurrencies and their price movements. And stuck in a similar conundrum is the memecoin, Dogecoin [DOGE], which has been stuck following the king coin’s defined trajectory. But with Bitcoin consolidating for over a month now, DOGE […]

XRP price skyrockets by 17% as double bottom chart pattern takes shape

Ripple’s XRP token is in the middle of a bullish breakout, which could open the door to $1 next.

Bitcoin’s price correction rewrites its relationship with the alts

The cryptocurrency market has been a great place for traders, until recently. Over the weekend there was a major correction setting in the market, that changed the existing trends in the market. As Bitcoin’sprice crumbled under $12k, the unprecedented pressure in the market pushed its value briefly under $10k. The lowest price level seen by BTC during the course of correction was $9,825. However,…

Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct.

Bitcoin Correlation in Japan’s Markets

Timothy Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, recently tweeted a chart comparing the MSCI Japan in USD to Bitcoin in JPY from July 2014 until July 2019. According…