According to new data, there has been an increase of 10-fold in the correlations between stock and BTC in certain regions. Before the COVID-19 lockdown in Asia, the distinction between the financial and crypto markets was clear. IMF Economists Reveals Strong Correlation Between Crypto And Equity In Asia According to the IMF (International Monetary Fund),…
With the advent of the metaverse, more individuals now believe real life could exist in a virtual form. Recently, the digital world has produced more astounding results in several spheres of existence. Additionally, the metaverse is increasingly becoming popular. This is due to the large investments of companies. According to a Singaporean government official, weddings…
Bitcoin has its price navigating the $46,900 levels at the moment. The coin has suffered bearishness, losing 1.53% within the past 24 hours. Bitcoin touched the $46,000 level today, December 30, amid a continued fall triggered by investor fear that resulted from the new COVID-19 variant, Omicron. The digital and traditional markets have experienced challenged…
Top digital coins, including Ethereum and Bitcoin, dropped their values with double-digits as concerns and profit-taking translated to an almost one billion dollar worth of liquidation among the cryptocurrency market. Time for dip-buying? The pre-Christmas crash in the crypto markets agitated investors, diminishing their risk appetite. The digital coin market is the latest to suffer…
Although the Covid-19 crisis is the worst crisis of them all being faced by the Indian nation, yet it ain’t the one and only crisis. The other crisis with which India nation is faced with that of its crypto industry. On two occasions, the Indian crypto industry came into the global limelight in the past…
On Tuesday, world stock markets finally got a well-deserved breather after they were propelled higher again by the second major COVID-19 vaccine boost within a week. This put Europe on the path for its best month in more than three decades. There was a 0.2% dip in the pan-European STOXX 600 in early moves, but…
On Thursday, the deputy governor of Norges Bank, the Central Bank in Norway, Ida Wolden Bache spoke about CBDCs at an event. She said that cash payments in the country were on a decline and also discussed some of the finer points relating to central bank digital currencies i.e. CBDCs. During her speech, Bache revealed…
Bitcoin Halving 2020 The Bitcoin halving is just a few hours away, and the price fluctuation spikes, creating an uncertain environment in the crypto community. Yesterday, Bitcoin price slumped by 15% in just a few minutes, which was due to the extreme liquidation of Bitcoin longs at derivatives exchange, BitMEX. However, there are also some…
Bitcoin Gold Correlation Bitcoin, according to some, lost its title of safe-haven when it plunged drastically on March 12,13, following the financial markets. The recent report by the investment firm, VanEck Global, shows Bitcoin and gold correlates in short term trends as both are following the same pattern from the past some weeks. Gold is…