A Bearish Reversal in Stock Market May Bleed Bitcoin: Analyst
Bitcoin remains at the risk of losing a part of its yearly gains on a negative stock market sentiment, according to Kevin Svenson. The chart analyst highlighted the S&P 500’s...
How Turning Stock Market Sentiment Could Drag Bitcoin Down Further
Last week closed with a brutal drop in the stock market and a $2,000 plunge in Bitcoin. While there’s a chance that what’s going on across the crypto market was...
Bearish S&P 500 Could Drag Bitcoin Further Lower: Glassnode Report
Bitcoin remains at risk of continuing its downward trend as long as the S&P 500 moves lower, says Glassnode. The on-chain analytics platform asserted that traders with exposure in...
Why Has Bitcoin Become A Leading Indicator For The S&P 500?
Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing...
Bitcoin Pullback Could Be Due to “Exaggerated” Dollar Debasement Claims
Bitcoin is up well over 50% for the year, despite an ongoing selloff cutting the recent rally down to size. The cryptocurrency also rose by over 200% from its Black Thursday low, as...
Why Hasn’t Bitcoin Followed Stocks Rallying On Positive Vaccine Data?
Overnight, news broke that early trial human patients developed a “robust” immune response to a potential virus vaccine from Moderna. Stock futures soared over the news...
Poor Weekly Jobless Claims Hint at Another Bitcoin Price Plunge
Bitcoin rally came under the threat this Friday as the number of Americans filing for unemployment claims remains elevated. That, combined with a rising number of COVID cases amid...
Economist Warns of 1929-Like Second Leg Down; Will Bitcoin Follow?
Bitcoin has been tightly correlated with the stock market since the start of 2020. If a warning from a global economist comes true, and the correlation between crypto and stocks...
A U.S. Stimulus-Backed Rebound Could Fuel a Bitcoin Bull Rally: Here’s Why
Bitcoin kicked off this week with a modest move higher, rising 0.78 percent as of Monday’s close. The gains followed a sharp sell-off last week as traders pinned their hopes on a...
Bitcoin Braces for Turbulent Week Ahead: Three Reasons Why
Bitcoin fell 0.31 percent in the early Monday session. The cryptocurrency’s plunge followed a similar downside move in the S&P 500, validating its growing correlation with...
Stock Market Net Shorts Reaching Decade Highs Could Fuel a Bitcoin Breakout
After a record-breaking recovery rally, traders aren’t convinced any of the recent gains in the S&P 500 are sustainable and have amassed the largest net short futures...
This Alarming 50% Stock Market Crash Warning May Leave Bitcoin in Dust
Bitcoin risks plunging lower in 2020 as a Wall Street veteran warns about a 50 percent crash in the stock market. Scott Minerd, the chief investment officer of New York-based...