Are Bitcoin Price And Equities Performance Correlated?
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Potential correlation between bitcoin and equities is in focus as the S&P 500 reached as far as 4.2% below its all-time highs. The below is from a recent edition of the Deep Dive,…
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Key Highlights Strategy led the decline among tracked crypto stocks, falling 5.09% to $116.56. Coinbase, MARA, CleanSpark, BitMine and IREN also closed lower after post-Fed volatility hit crypto-linked equities. All six stocks showed modest after-hours gains, suggesting some dip-buying after the regular-session selloff. Crypto-linked stocks closed lower on June 17…
As the new month began, the Bitcoin price opened on a downward trend, slipping below its consolidation range amid rising uncertainty and bearish sentiment in the market. Nevertheless, analysts are identifying a collection of indicators suggesting that a bullish resurgence for the cryptocurrency could be on the horizon. What’s Fueling…