Tag Archives: Markets News

Bitcoin rose Thursday after it was announced Jim Cramer would be investing in BTC.BTC/USD bulls cheered as Anthony “Pomp” Pompliano made the announcement.The CNBC “Mad Money” host is the latest high-profile investor to jump on the cryptocurrency bandwagon.Jim Cramer is the newest high-profile “bitcoiner.” Anthony “Pomp” Pompliano has managed to convince the “Mad Money” host to buy the major cryptocurrency after years of skepticism.Bitcoin Rises After Cramer AnnouncementCramer’s relationship...

More than a decade into its existence, Bitcoin is finally maturing into a full-blown stock market hedge.That’s the conclusion of new research from crypto prime dealer SFOX, which indicates that Bitcoin and other major cryptocurrencies like Ethereum have developed a negative correlation with the S&P 500. This means that as the stock market bellwether index falls, the prices of the cryptocurrencies rise – and vice versa.Over the past 30 days, Bitcoin’s correlation with the S&P 500 was...