Tag Archives: s&p 500

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Bitcoin stands at $55,000 today, as of writing these lines. This means it’s about 90% up since the beginning of 2021. While that’s impressive on its own, what’s even more notable is BTC’s performance compared to other well-known investment tools such as some of the most popular stock market indexes, the world’s largest companies, and precious metals like gold and silver. BTC vs. all others – YTD 2021. Source: TradingViewS&P500 and Nasdaq Left Behind The primary...

Bitcoin is no longer regarded as a niche asset as its high price fluctuations impact the stock markets, concluded researchers from Singapore’s DBS Group Holdings Ltd. In a recent paper, they outlined the increased correlation between the two markets ever since BTC started to appreciate in value in late 2020. Bitcoin Is No Longer a Fringe Asset The primary cryptocurrency went through a significantly bullish period from the start of October 2020 to mid-April, in which its value...

One of the big rumors surrounding both the stock market and the bitcoin space is that they are correlated. That they follow each other and wherever one goes, the other is likely to follow suit. A new study has emerged claiming that this is not a rumor, but rather the truth. Bitcoin and Stocks Are Closely Tied The study was performed by analysts with DBS, a Singapore-based bank. The individuals in charge of the study were Taimur Baig – an economist – and Chang Wei Liang,...

2020 turned out to be one of the S&P’s best performing years despite the pandemic. It seems the overall bullish trend in the past year is luring more investors and traders to the stock market. Data shows that searches for “stock market bubble” are peaking as the most recent frenzy with GameStop stock rages on.Stock Market 2020 Recap: A Few WordsThe raging pandemic saw millions of people losing their lives and jobs. These should have been more than enough to trigger a looming bear market,...

Founder and chief economist at Rosenberg Research, David Rosenberg, has doubled-down on his narrative that bitcoin, similarly to the stock markets, is in a massive bubble. He warned that another bear market could emerge, similarly to what transpired following the previous bitcoin bull run in 2017.Bitcoin Is In A Bubble: RosenbergIn a recent CNBC interview, the former top North American economist at Merrill Lynch said that he’s avoiding getting into bitcoin, especially after its impressive run...

Bitcoin used to show a higher correlation to the stock markets, especially amid the lowest point of the pandemic. However, it has taken a different route during the last few days.Bitcoin-S&P 500 Correlation Departs from ATHTypically, Bitcoin is regarded as an independent asset that often acts as a safe haven. Its fundamentals are different from those driving the stock market. Nevertheless, the oldest cryptocurrency was caught following the American flagship index known as the S&P 500...

Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark.‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’ on crypto Twitter. A firm believer in the stock-to-flow model that he created for BTC, he posts daily price and market updates on his profile...