SulTanosCrypto
0 Following
22 Followers
34 Liked
0 Shared
See original
Bitcoin and the Stock Market: Where is the Price Heading?
Want to understand why Bitcoin is rising or falling? Just take a look at the stock market.
Today, BTC moves almost in sync with major indices such as the S&P 500 and NASDAQ-100. During periods of uncertainty, this connection becomes especially strong: if stocks are falling, the crypto market also declines, and when the stock market is rising, Bitcoin gains momentum to move upward.
Charts clearly illustrate this effect: on weekends, when exchanges are closed, BTC loses momentum, but with the opening of trading, it again follows the stocks. This means that as long as traditional indices do not show a clear direction — up or down — Bitcoin will remain in their shadow.
Where to look for clues? In the movement of the stock market and data on the correlation of BTC with stocks and gold. The relevant chart is here:
📊 View chart https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d
#bitcoinETF
Want to understand why Bitcoin is rising or falling? Just take a look at the stock market.
Today, BTC moves almost in sync with major indices such as the S&P 500 and NASDAQ-100. During periods of uncertainty, this connection becomes especially strong: if stocks are falling, the crypto market also declines, and when the stock market is rising, Bitcoin gains momentum to move upward.
Charts clearly illustrate this effect: on weekends, when exchanges are closed, BTC loses momentum, but with the opening of trading, it again follows the stocks. This means that as long as traditional indices do not show a clear direction — up or down — Bitcoin will remain in their shadow.
Where to look for clues? In the movement of the stock market and data on the correlation of BTC with stocks and gold. The relevant chart is here:
📊 View chart https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d
#bitcoinETF
See original
Currently, Ethereum (ETH) is trading at $2,075.33, which represents a decrease of $15.38 (or 0.74%) compared to the previous close. During the day, the price fluctuated between a high of $2,098.22 and a low of $2,039.76.
Over the past three months, Ethereum has experienced a significant decline in value, losing about 40% of its price. This drop is attributed to several factors:
• Competition from other blockchain platforms: Networks like Solana and Cardano are attracting investor attention due to higher transaction speeds and lower fees.
• Decreased interest in decentralized finance (DeFi): Previously, Ethereum was the foundation for many DeFi projects, but there is now a reduction in activity in this sector.
• Rise in popularity of meme coins on other blockchains: Many new meme coins are being launched on alternative platforms, diverting attention from Ethereum.
Despite these challenges, Ethereum continues to be a key player in the cryptocurrency world, especially in the fields of DeFi and NFT. Investors are advised to closely monitor developments and assess the long-term prospects of the platform.
#Ethereum #newHigh
Over the past three months, Ethereum has experienced a significant decline in value, losing about 40% of its price. This drop is attributed to several factors:
• Competition from other blockchain platforms: Networks like Solana and Cardano are attracting investor attention due to higher transaction speeds and lower fees.
• Decreased interest in decentralized finance (DeFi): Previously, Ethereum was the foundation for many DeFi projects, but there is now a reduction in activity in this sector.
• Rise in popularity of meme coins on other blockchains: Many new meme coins are being launched on alternative platforms, diverting attention from Ethereum.
Despite these challenges, Ethereum continues to be a key player in the cryptocurrency world, especially in the fields of DeFi and NFT. Investors are advised to closely monitor developments and assess the long-term prospects of the platform.
#Ethereum #newHigh
See original
We present to your attention the updated list of the top ten cryptocurrencies by market capitalization:
1️⃣ Bitcoin (BTC) — the undisputed leader of the crypto market and a symbol of stability.
2️⃣ Ethereum (ETH) — the main platform for decentralized applications and smart contracts.
3️⃣ Tether (USDT) — the leading stablecoin, providing stability in the volatile world of cryptocurrencies.
4️⃣ Binance Coin (BNB) — the token of the Binance ecosystem, offering users advantages when using the platform.
5️⃣ USD Coin (USDC) — a stablecoin backed by the US dollar, focused on transparency and reliability.
6️⃣ XRP (XRP) — a cryptocurrency designed for fast and low-cost international payments.
7️⃣ Solana (SOL) — a high-performance blockchain known for its speed and low fees.
8️⃣ Cardano (ADA) — a project with a scientific approach to blockchain development, aiming to ensure security and scalability.
9️⃣ Dogecoin (DOGE) — a popular meme coin that gained widespread recognition thanks to active community support.
🔟 TRON (TRX) — a blockchain platform focused on decentralized content distribution and entertainment.
1️⃣ Bitcoin (BTC) — the undisputed leader of the crypto market and a symbol of stability.
2️⃣ Ethereum (ETH) — the main platform for decentralized applications and smart contracts.
3️⃣ Tether (USDT) — the leading stablecoin, providing stability in the volatile world of cryptocurrencies.
4️⃣ Binance Coin (BNB) — the token of the Binance ecosystem, offering users advantages when using the platform.
5️⃣ USD Coin (USDC) — a stablecoin backed by the US dollar, focused on transparency and reliability.
6️⃣ XRP (XRP) — a cryptocurrency designed for fast and low-cost international payments.
7️⃣ Solana (SOL) — a high-performance blockchain known for its speed and low fees.
8️⃣ Cardano (ADA) — a project with a scientific approach to blockchain development, aiming to ensure security and scalability.
9️⃣ Dogecoin (DOGE) — a popular meme coin that gained widespread recognition thanks to active community support.
🔟 TRON (TRX) — a blockchain platform focused on decentralized content distribution and entertainment.
Login to explore more contents