#btc correlation

Bitcoin’s surge to $30,000 can be attributed to a complex set of factors, but its decoupling from key real-world assets has been a driving force in its upward trajectory, with the potential for further rise.

Following Bitcoin’s [BTC] recent resurgence above $21,000, it was not out of the question that investors might have heaved a sigh of relief. Nonetheless, the solace might only last for a short period. This assertion was because the signal on-chain seemed to correlate with the bearish drawdown of the past.  Here’s AMBCrypto’s Price Prediction for Bitcoin [BTC] […]

BTC was leaning towards hitting $21,000. With its price at $20,959, it would have been expected that traders could take advantage of the uptick and grab some profit. However, that wasn’t the case. Thus, was it possible that investors were ready for a rally or was the bottom already in?

Bitcoin: Assessing the odds of BTC living up to its history of a profitable Q4

Bitcoin [BTC] current escapade with trading below $20,000 may be in its final stage as some analysts believed that respite was not far away. According to BaroVirtual, a CryptoQuant analyst, BTC shared much correlation with the stock market. Because of this relationship, there could be a return above $21,000. If possible, BTC could trade high […]

Bitcoin whale addresses are accumulating- What could it mean for price

Out of the $123.13 million taken out of the cryptocurrency market in the last 24 hours, Bitcoin [BTC] liquidations within the same period totaled $25.30 million, data from Coinglass revealed.  As of this writing, the king coin exchanged hands at $19,857.00. It last traded at this level in July when the bulls took over the […]

Does mainstream crypto-adoption lead to underperformance in crises?

Thanks to its growing popularity among all demographics, major financial institutions are jumping on-board to research and analyze the emerging asset class of cryptocurrencies. J.P Morgan is one such institution, with its latest Cross-Asset Strategy report observing that the mainstream adoption of cryptocurrencies leads to underperformance during crises. According to its analysis, over shorter…