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Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimism
Bitcoin proving to be an independent player in European market turmoil Bitcoin proving to be an independent player in European market turmoil James Van Straten · 2 years ago
Insights Bitcoin

Bitcoin proving to be an independent player in European market turmoil

Bitcoin has a revealed negative correlation with the turmoil currently hitting the largest European stock markets.

James Van Straten / @jvs_btc / Mar. 15, 2023 at 12:00 pm UTC

Quick Take

  • Bitcoin remains uncorrelated to European stock markers as turmoil spreads to Europe from the U.S.
  • Bitcoin has a -0.21 correlation with the FTSE 100.
  • Bitcoin has a -0.71 correlation with the DAX.
  • Bitcoin has a -0.39 correlation with the Stoxx Europe 600.
BTC correlation: (Source: Trading View)
BTC correlation: (Source: Trading View)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Latest Insights
Bitcoin surges to $97k as market leverage hits historic $63 billion

Bitcoin surges to $97k as market leverage hits historic $63 billion

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Memecoin revival drives Solana DEX Raydium past Tether in fees

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Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

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