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Bitcoin can sway the stock market only if these conditions are met
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Bitcoin and the stock market have a history of contradicting each other’s movements. Interestingly, Bitcoin’s price action or investor’s behavior is usually linked back to the spot market. How so? Well, primarily because people still assume that the two are correlated.
Now, it is partly true that they are correlated. However, on a macro scale, they really aren’t. BTC’s correlation to the spot market has been ranging within the 0.3 to 0.5 zone, at times, dipping to even 0.
Well, it may not sound like a big deal, but when compared to Gold and the 10-year treasury yield, it is significantly higher.
Bitcoin correlation | Source: Ecoinometrics
On the contrary, it is still considerably lower since there are other higher correlated assets within the
Read more on ambcrypto.comAbout this in other media
Ripple's Camp Attacks Bitcoin Mining With 'The Stupidest Idea' Again cryptonews.com /2 years ago
How Bitcoin can benefit both, Republican and Democratic parties in the U.S. ambcrypto.com /2 years ago
Bitcoin’s correlation with stocks grows as risk appetite drops economictimes.indiatimes.com /2 years ago
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