Bitcoin’s 30-day correlation with the NASDAQ 100 has reached 70%, indicating that it is increasingly influenced by macroeconomic factors like the tech sector. Analysts at Matrixport suggest this trend may not last, hinting at a potential divergence from tech stocks soon. Additionally, the upcoming movement of $1 billion in Bitcoin by Mt. Gox could create ...
A notable Bitcoin whale has recently increased its holdings by adding 2,400 Bitcoin, valued at $200 million, following a sell-off of over 11,400 Bitcoin in recent months. This accumulation comes as Bitcoin experiences a price rebound, trading between $81,000 and $88,000. Though the whale had previously sold Bitcoin when prices fell from over $104,000 to ...
Bitcoin’s price has fallen to $85,000 following U.S. President Donald Trump’s announcement of new tariffs on Canada and Mexico, which affected stock markets and triggered investors to move into the U.S. dollar. This shift has highlighted Bitcoin’s increasing correlation with traditional markets, leading to significant outflows from Bitcoin ETFs. While retail investors are selling off, ...
