Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why
On-chain analytics firm Santiment has explained how Bitcoin could currently be undervalued based on its 4-year correlation to Gold and S&P 500. Bitcoin Has Underperformed Against Gold & S&P 500 Recently In a new correlation to these assets, but the pattern has shifted lately. Any two given assets are said to be “correlated” when one…
Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign?
Data shows Altcoins are breaking away from Bitcoin’s lead. Here’s what that could mean for the market, based on historical trends. Altcoins Are Witnessing A Fast Drop In Correlation To Bitcoin In a new altcoins has changed recently. The Correlation is an indicator that keeps track of how tied together the prices of any two…
Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading
Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of Correlation To Other Assets In a Correlation Matrix” here refers to an indicator that tells us how closely tied together the prices of two given assets currently…
Bitcoin Finally Independent? BTC-S&P 500 Correlation Hits Zero
Data shows the Correlation between Bitcoin and S&P 500 has declined to zero recently, a sign that BTC is no longer attached to the stock market. Bitcoin Correlation To S&P 500 Has Witnessed A Plunge Recently In a new Correlation” here refers to an indicator that keeps track of how tied together the prices of…