Aug 25, · A report from Digital Asset Data illustrates (chart attached) that over the past three months, bitcoin has moved in tandem with gold and has swung inversely to moves in the stock market. Feb 23, · The current whipsaw in bitcoin prices has a 79% and 52% correlation to daily S&P returns. On a day basis, that figure has a correlation ratio . May 13, · Bitcoin is meant to be an uncorrelated asset and this is/was a positive. However, it is clear that right now bitcoin correlates with stocks very closely: Bitcoin and stocks are moving in syncAuthor: Clem Chambers.
Correlation of bitcoin and stock marketBloomberg - Are you a robot?
Bitcoin and Cryptos as assets Well, to understand the logic of Bitcoin and Cryptos as assets, we need to have an understanding of how our financial world currently operates. Daily price analysis of recent days In recent days, the Bitcoin and crypto market correlation with the stock market is apparent. Image source: Shutterstock. Bitcoin enthusiasts have mostly positioned the crypto as an asset that is the most uncorrelated against others and therefore is being perceived as a good alternative to traditional securities.
Bitcoin is still widely viewed as an unconventional holding but experimentation with blockchain, the technology that underpins most digital assets, by traditional companies has garnered bitcoin and its ilk greater attention and legitimacy. Reports that Apple wants to introduce a self-driving electric vehicle to the marketplace by is making waves. Wall Street is busy speculating about what such a move could mean for the industry.