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How Turning Stock Market Sentiment Could Drag Bitcoin Down Further

Last week closed with a brutal drop in the stock market and a $2,000 plunge in Bitcoin. While there’s a chance that what’s going on across the crypto market was profit-taking, turning stock market sentiment could end up dragging down Bitcoin, Ethereum, and other top crypto assets much like it did during the Black Thursday market collapse. Will such destruction return to stocks and in turn, crypto? Here’s the case for why that is possible. Crypto Mania and Stock Market Bubble Brace For Further Collapse After Initial Crash Following last week’s pullback across markets, investors are wondering if the stock…

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Bearish S&P 500 Could Drag Bitcoin Further Lower: Glassnode Report

Bitcoin remains at risk of continuing its downward trend as long as the S&P 500 moves lower, says Glassnode. The on-chain analytics platform asserted that traders with exposure in both Bitcoin and the S&P 500 could use the cryptocurrency to offset their losses in the US stock market. BTC/USD has slipped by more than 20 percent from its YTD high near $10.5K. Source: TradingView.com Glassnode’s statement appeared as both Bitcoin and the S&P 500 plunged in tandem last week against a rising US dollar. Sky-high valuations and overbought technicals caught up with these markets as traders sold the top to secure…

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Why Has Bitcoin Become A Leading Indicator For The S&P 500?

Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing. The stock market also saw the largest single-day loss since June.  But why did Bitcoin suddenly lead the stock market almost tick for tick on price charts before the S&P 500 followed? Are these bots turning bearish after crypto began to collapse, or is something else at play? Whatever the dynamics are behind it, the correlation is uncanny. Did Bitcoin Kick-Off Yesterday’s Stock Market Blood Bath? Bitcoin has had a stellar…

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Bitcoin Pullback Could Be Due to “Exaggerated” Dollar Debasement Claims

Bitcoin is up well over 50% for the year, despite an ongoing selloff cutting the recent rally down to size. The cryptocurrency also rose by over 200% from its Black Thursday low, as investors took flight away from cash and poured capital into hard assets. But now that the dollar is reversing, and claims of the dollar’s debasement are being called “greatly exaggerated,” inflation fearing investors may be taking some BTC profit now that cash isn’t so scary after all. Bitcoin Pulls Back After Inflation-Fearing, Hard Asset Rally The recent economic climate has been the perfect storm for Bitcoin and…

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Ethereum Beats Bitcoin, Gold, and Stocks In Stimulus Check Investment

Stimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued. Exactly how much would $1,200 invested in Ethereum have earned savvy investors, and how does this stack up to the rest of the market? Ethereum Beats Bitcoin, Gold, and the S&P 500 In Stimulus Check Investment Returns Since 2020 first began, the Federal Reserve’s balance sheet has grown by over $3 trillion and counting. A significant portion…

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Three Reasons Why Bitcoin [BTC] is Bullish in the Short-Term

There is a lot of uncertainty in the markets right now. While Bitcoin and large-cap altcoins have been quiet for a while, the DeFi pumps and small altcoins pumps are reminiscent of the beginning of a bull run of 2017. The traders are apprehensive of another bubble built up. Nevertheless, there are still signals strong signals for bullish accumulation in it. Bullish On-Chain Indicators Miners account for a large portion of the sell-off in the market, the recovery in the hashrate is a hugely positive signal for the market. Moreover, according to Ki Young Ju, CEO of analytics firm, Crypto…

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