Category: NEWS

Bitcoin, stocks eye recovery after ECB news jolts markets

Bitcoin retested the $25,000 area, while S&P 500 had gained about 1% after plunging on ECB interest rate hike news. The ECB on Thursday surprised with a 50 basis point rate hike. Reports that JPMorgan and Morgan Stanley are looking to help First Republic Bank buoyed stocks. Bitcoin and stocks have recovered slightly after trading […]

No, Bitcoin is still as correlated as ever with the stock market

Key Takeaways Bitcoin’s recent surge has drawn surprise as banking sector has pulled stock market down Declaring this a break in the correlation trend is a mistake, writes our Data Analyst Dan Ashmore, who says Bitcoin remains risk-on Both the stock market and Bitcoin continue to trade off interest rate expectations, aside from isolated episodes […]

Bitcoin price recovery at risk amid new Credit Suisse crisis

Bitcoin and other financial assets now have a Credit Suisse problem. Credit Suisse credit default swaps signal that the company could collapse. Credit Suisse stock price plunged by 20% and reached a record low. Bitcoin price came under intense pressure on Wednesday as the banking sector came under a significant strain. BTC pulled back from […]

Why is Ethereum falling against Bitcoin? Maxis loudly celebrate but miss the point

Key Takeaways Ethereum has fallen against Bitcoin thus far this year This is unusual as the market has risen, and altcoins tend to outperform Bitcoin in bull markets Nonetheless, Bitcoin maxis represent everything that is and about the space, writes our Analyst Dan Ashmore Their celebrations also forget the fact that Ethereum has still crushed […]