Bitcoin's correlation with the S&P 500 has decreased, making it a more attractive option for portfolio diversification. However, this also poses challenges for cryptocurrency traders in predicting price moves based on macroeconomic data.
Bitcoin , the top cryptocurrency by market capitalization, now has a mostly negative correlation with the S&P 500 , one of the benchmark US stock market indices. This makes Bitcoin a more attractive option for diversifying portfolios, but also makes it challenging for cryptocurrency traders to decipher price moves based on macroeconomic data .
Bitcoin Cryptocurrency S&P 500 Correlation Portfolio Diversification Macroeconomic Data
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin's Correlation to S&P 500 Plunges as BTC Smashes Index by Weekly ReturnsRecent analytics data shows that Bitcoin's and Ethereum's correlation to equities is 'little to zero' at moment
Read more »
BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Read more »
Risky Assets Soar in Q1 2024: S&P 500 and Bitcoin PerformanceRisky assets have performed well in the first quarter of 2024, with the S&P 500 Index and Bitcoin recording significant gains. However, traders should be cautious as corrections are expected in the short term. Analysis of support levels in Bitcoin and altcoins is provided.
Read more »
Bitcoin wallet wakes up after 12 years of dormancy, moves 500 coinsThe unidentified wallet originally received 500 bitcoins on July 14, 2012, when the bitcoin price was less than $8.
Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »