S&P 500 News

The correlation between Bitcoin, gold, and major stock indices like NASDAQ and S&P500 changed dramatically in October. Here is what it means.

The mood in financial markets is risk-off today. While bitcoin, silver, and futures tied to the S&P 500 are trading lower, the US dollar is gaining against other currencies. That is because investors are reducing their exposure to risky assets…

The value of cryptocurrencies has dropped since it peaked at almost $3 trillion last November. As of July 26, the industry’s total market cap reverted back above $1 trillion after a deep decline. Despite the overall fall in the value…

Technical analysis is a tool used by investors and traders in the cryptocurrency market to identify potential trends and gain profitable returns. This type of analysis uses various technical indicators such as the moving average and the golden cross.  What…

Earlier in the day, Bloomberg discussed the strength of the Dollar and Euro as most central banks try to fight inflation.  Jane Foley, head of FX Strategy at Rabobank, highlighted data earlier today that shows consumer confidence in England is…

Inflation fears continue to rise in the US as stocks fall sharply, losing earnings, and growth stagnates. This is the most significant daily drop in US stocks in over two years. Bloomberg noted that investors are currently leading a selloff…

The BTC price failed to cement the $48k support on Thursday, leading to a major correction towards the $45.5k level. At the time of writing, bitcoin is circling the lower $45k zone as bears continue to reject any move higher.…

According to Santiment data, Ethereum has been pegged even closer to the S&P 500 than Bitcoin over the last month. Its correlation with the SP500 has been much tighter than Bitcoin's in recent times. Also, gold has had a spot-on inverse correlation to both.

Goldman Sachs has revealed in its latest report released on April 26, 2021, that 19 stocks of companies invested in bitcoin (BTC) and distributed ledger technology (DLT) have outperformed the Standard & Poors 500 by a massive 34 percent this…

Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its correlation with the S&P 500 from 0.13 to 0.52. Bitcoin…

Bitcoin (BTC) trading is currently seeing its highest correlation with the S&P 500 stock market index as panic over the coronavirus (COVID-19) pandemic is reportedly forcing investors to embark on massive portfolio de-risking. Bitcoin Trading Correlation with S&P 500 Reaches…