While the BTC price cratered over Alameda-FTX and Genesis-Gemini news, it decoupled from the S&P 500 Index and NASDAQ Composite. But after crypto exchange markets priced in the news, they were ready to rally with equities.tandem with tech stocks like Tesla .“Seems to me that Bitcoin is moving higher in sympathy with stocks/risk assets. The most interesting thing is that the run in bitcoin is coming out of a very tight range since the whole FTX saga too.
“[In 2022] bitcoin’s correlation with the S&P 500 hit both an all time high and dropped to 15-month lows. The lows were reached during FTX’s collapse, while the highs emerged in the final week of December. This is the best evidence yet that macro is back.” But the fact that it not only resumed but went to an all-time high afterward says two things: It indicates Bitcoin will easily shrug off theThat passed by in the correlation charts practically like a blip. So that’s bullish overall and long-term for Bitcoin. Markets understand the scandal was Alameda-FTX’s, not Bitcoin’s problem.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC price cancels FTX losses — 5 things to know in Bitcoin this weekBitcoin seals its highest weekly close since FTX, but BTC price action is due consolidation, say analysts. Bitcoin starts the week at new highs, but opinions are divided on the rally's sustainability. What do you think? Share your predictions and let's talk! 🔥 Is the recent BTC price rally just a bear market rally or the start of a new bull run? Share your vote crypto 🔍 Are we headed for a comedown or will BTC continue to break resistance levels? Share your analysis and join the conversation! cryptocurrency
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Recent Highs – Market Updates Bitcoin NewsBitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration. Show be do it Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months Bart, go away, it's just Monday!
Source: BTCTN - 🏆 531. / 51 Read more »
FTX reports $415 mln in hacked crypto, Bankman-Fried says FTX US is solventBankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. Inside job. Liar.
Source: Reuters - 🏆 2. / 97 Read more »
Bitcoin (BTC) Mining Difficulty Climbs to Record High Amid Price RallyAs part of its design, Bitcoin network adjusts difficulty with every 2,016th block (about two weeks)
Source: Utoday_en - 🏆 295. / 63 Read more »
Here's What Helped Bitcoin (BTC) Soar Above $21,000: ReportBitcoin spiked from $16,000 to $21,000 as these drivers interfered. $BTC santimentfeed santimentfeed Short squeeze
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin (BTC) Surges to New Multi-Month High as Recovery Picks Up SteamThe world's largest cryptocurrency keeps surging higher, reclaiming the $21,000 level once again Where was the link to that defi free money trick people are using? Anybo dy?
Source: Utoday_en - 🏆 295. / 63 Read more »