One On-Chain Metric Could Signal a Bitcoin (BTC) Breakout, According to Crypto Analytics Firm
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The relationship between Bitcoin (BTC) and the stock market is crumbling, according to crypto analytics firm Santiment. Santiment notes Bitcoin and altcoins tend to surge when they have very little correlation with equities and that, following Wednesday’s release of the most recent Consumer Price Index (CPI) data, crypto has been recovering while the S&P 500 and gold have dropped. “If they stay uncorrelated, it’s a good sign of a potential breakout.” Source: Santimentfeed/Twitter Bitcoin is trading for $20,637 at time of writing. The top-ranked crypto asset by market cap is up more than 4.6% in the past 24 hours. Santiment
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Singapore-based crypto exchange giant Crypto.com is listing the low-cap altcoin project Status Network Token (SNT). Status is a secure messaging app, crypto wallet, and Web3 browser using an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
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