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Tag Archives: Correlation

Bitcoin is Dragging Other Cryptocurrencies Down as Correlation Between Them Increases

The increasingly high positive correlation between Bitcoin and other cryptocurrencies is bringing their prices down, now that the tide has turned against Bitcoin since the spectacular rally towards the $20,000 area in mid-December 2017. With a market capitalization of $111 billion, the BTC continues to recoup the cryptocurrency market dominance it once had. Correlation Between Bitcoin and Altcoins at 0.7, ...

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‘Correlation’ Between BTC and Emerging Markets Is Sign of Upcoming Trend Reversal

Fundstrat’s Bitcoin (BTC) analyst Tom Lee has claimed that the cryptocurrency “could end the year explosively higher,” citing a correlation between it and emerging markets. Lee has made his new prediction in an interview during CNBC’s “Trading Nation” show August 25. The Head of Research at Fundstrat Global Advisors has said that he “still think[s] it’s possible” that Bitcoin’s price ...

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Is Crypto Price Correlation the Result of FOMO or Market Manipulation

Is the close correlation between crypto coin prices in the current market simply a sign of HODLers clinging to their assets and only conservatively trading when all signs point to yes, or the result of larger forces at work manipulating the market? Extreme Correlation Since February Twitter analyst CryptoRae recently posted a long thread using a method of cross coin correlation ...

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How To Diversify Away Risk In A Crypto Portfolio: Correlation And Variance

Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Observations of the crypto market give impression that “when Bitcoin sneezes, the cryptocurrency market catches a cold”, – in traditional stock markets this would not be the case. Although there are public companies ...

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Is There a Strong Correlation Between the Two?

The sharp fall of Bitcoin a month before the global stock market decline in February got traders’ attention. Is Bitcoin a barometer for the Stock Market? The Correlation Between Bitcoin and Stocks A number of investors have observed tandem moves between the cryptocurrency market and stocks, with the latter following the market sentiment of bitcoin and ‘associates’. Doug Ramsey, Chief ...

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So Is There a Correlation Between Bitcoin and Stock Ma… | News

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Looking at the Bitcoin graph, and that of the stock market, including the Dow Jones and the S&P 500, you may have noted an interesting similarity. The stock market was growing to new heights ...

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