Ad
CryptoSlate on X
Follow us on X for your essential dose of daily crypto news and deep dives.
Follow @cryptoslate
 Ad
Insights
Bitcoin dominance rises to 60% as altcoins falter US Bitcoin ETFs face largest outflow since launch breaking 15-day streak Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140% Marathon and Hut 8 scoop up $1.6 billion worth of Bitcoin during market dip Solana surpasses rivals with record-breaking 66.9 million daily transactions
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 dominance rises to 60% as altcoins falter

Bitcoin dominance rises to 60% as altcoins falter

12 hours ago
US Bitcoin ETFs face largest outflow since launch breaking 15-day streak

US Bitcoin ETFs face largest outflow since launch breaking 15-day streak

16 hours ago
Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%

Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%

16 hours ago

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

In this insight

Bitcoin BTC (24h)
$97,527.87 +0.12%
Vol: $99.24B MCap: $1.93T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin
Join Japan's Web3 Evolution Today

Most Viewed

 Ad
CryptoSlate on X x.com/cryptoslate
Follow us on X for instant crypto news and insights updates.
Follow @cryptoslate
 Ad