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.
- 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.
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Analyzing the history of US debt and potential effects of a default on the crypto market
CryptoSlate's latest market report dives deep into the U.S. debt crisis, exploring past instances of debt failures and analyzing the implications a debt default could have on Bitcoin.
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U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns
Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin
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