Bitcoin’s Correlation With S&P 500, Nasdaq Hits Highest Level Since July 2020
The correlation between Bitcoin and two major equity indices, the S&P 500 and Nasdaq, surged to an 18-month high, according to new research.
The correlation between Bitcoin and two major equity indices, the S&P 500 and Nasdaq, surged to an 18-month high, according to new research.
The new DAO raised $10 million in Ethereum to start off 2022.
The Litecoin (LTC) price is in a downward correction today, approaching the previous low of $126, which was the previous low it had regained during the December 4 price drop.
It has been difficult to identify the best performing altcoins. This is because cryptocurrency markets are under heavy selling pressure. Cryptocurrency markets are experiencing various degrees of correction.
Ripple (XRP) is still in a downward correction and the price is fluctuating between $0.75 and $0.90. At press time, XRP is trading at $0.74.
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that…
Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital…