With regards to E-Mini S&P 500 futures, the “correlation between #bitcoin and $ES_F over the past 4 months has been 0.4 and highly statistically significant ,” Mark Dow, global macro trader wrote in a tweet on Dec. 27.
Read moreWhat does DXY mean for crypto?
U.S. Dollar Index (DXY)
Read moreWhat pairs correlate with DXY?
Trading correlated currency pairs In such pairs, USD is the first currency: USD/CHF – US Dollar / Swiss Franc. USD/JPY – US Dollar / Japanese Yen. USD/CAD – US Dollar / Canadian Dollar.
Read moreWhat coin runs opposite to Bitcoin?
What Are Altcoins ? Altcoins are cryptocurrencies other than Bitcoin (BTCUSD). They share characteristics with Bitcoin but are also different in other ways.
Read moreIs Bitcoin correlated to anything?
But two charts depicting relative performance amid recent stock market corrections illustrate that bitcoin is more positively correlated to equities than some might think . The first one shows that when stocks fell nearly 20% in the fourth quarter of 2018, bitcoin fell as much as 50%, while gold traded up nearly 8%.
Read moreAre all altcoins correlated to Bitcoin?
Altcoins run the gamut when it comes to price correlation with BTC — sometimes they skyrocket in value with Bitcoin, sometimes their prices remain largely unaffected. Other times, in times of serious market upheaval, the value of altcoins tank twice as fast as that of Bitcoin’s.
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