Bitcoin’s movements are now mirroring those of U.S. stocks to an unprecedented degree. A 40-day correlation coefficient for the digital token and the tech-heavy Nasdaq 100 has reached almost 0.66 — the most in data compiled by Bloomberg since 2010 — while a similar correlation with the S&P 500 is at a record too.
Read moreHow does the performance of bitcoin compare to the S&P 500 and the price of gold?
Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold . Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%.
Read moreIs Bitcoin still a thing?
Bitcoin, as of December 2020, has experienced a steady rise to reach new all-time highs, breaking through $20,000 per BTC , but it was not always so steady. Cryptocurrencies like Bitcoin and Ethereum have indeed proven resilient.
Read moreWhat is the current situation of Bitcoin?
Bitcoin Price Update Bitcoin PriceValueToday/Current/Last34,63,5061 Day Return0.17%7 Day Return5.89%Bitcoin price live today – The Economic Times m.economictimes.com › markets › bitcoin-price › cryptodetail › symbol-btc
Read moreCan Bitcoin just disappear?
Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million .
Read moreWhy has Bitcoin gone down?
Part of the reason behind this sharp decline in the value of Bitcoin is down to policy changes from the US Federal Reserve , as its chair, Jerome Powell, declared last December that the monthly rate at which it reduces asset purchases would be doubled by the Federal Open Market Committee (FOMC).
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