S&P 500

Bitcoin Price Will Go Up as Only Profitable Miners Remain: Data Analyst

Source Node: https://cointelegraph.com/news/bitcoin-price-will-go-up-as-only-profitable-miners-remain-data-analyst

Time Stamp: April 6, 2020 10:50 PM - Modified On: May 21, 2021 - Published By:

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Approximately 4-weeks ago global equities markets were in distress as investors finally realized that the coronavirus was not just an illness restricted to China, but rather a global pandemic which could permanently damage economics across the globe. Crypto markets were not shielded from the mayhem that led the S&P 500 and Dow to post some of the biggest losses since the 2008 global financial crisis and investors will recall that on March 13 Bitcoin (BTC) price dropped more than 50% in the span of 24-hours. To date, the volatility and fear within

Q&A: What is Prime Brokerage, and Will it Gain Traction in Crypto?

Source Node: https://cointelegraph.com/news/qa-what-is-prime-brokerage-and-will-it-gain-traction-in-crypto

Time Stamp: April 6, 2020 12:22 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

From margin trading to futures, many services have made the leap from traditional financial instruments to cryptocurrency. But there’s one that has yet to enter the consciousness of most crypto traders: prime brokerage.Here, Bequant CEO George Zarya explains why 2020 could be the year that this technology starts to gain momentum, how it’s used across commodities and equities, and what it could deliver to those who currently own digital assets.1. Can you explain prime brokerage simply? And why isn’t it common in the crypto world?The main pain point a prime

Bitcoin Posts Laudable Performance Over the Quarter

Source Node: https://insidebitcoins.com/news/bitcoin-posts-laudable-performance-over-the-quarter/256530

Time Stamp: April 3, 2020 8:54 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

The first quarter of 2020 was a bit of a mixed bag for cryptocurrencies. As expected, no other asset can demonstrate this better than Bitcoin. While the top digital asset led a market rally into the year and started 2020 gaining as much as 13 percent in its value, the coronavirus hit, and the market soon experienced a massive slump – with record drops witnessed on multiple fronts. Accounts Surged, but Transactions Stalled However, the market has corrected, and things appear to be on the uptrend once more. Bitcoin crossed the $7,200 mark

VanEck: Bitcoin Correlation to Gold Jumped in 2020 Amid Market Sell-off

Source Node: https://coinfomania.com/vaneck-bitcoin-correlation-to-gold-jumped-in-2020/?utm_source=rss&utm_medium=rss&utm_campaign=vaneck-bitcoin-correlation-to-gold-jumped-in-2020

Time Stamp: April 3, 2020 2:38 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

New York-headquartered investment management firm, VanEck has revealed in a new report that Bitcoin’s correlation to gold has risen significantly in 2020, especially during the recent broad market sell-off caused by the COVID-19 pandemic. According to the report published by Gabor Gurbacs, a Digital Asset Strategist at VanEck, Bitcoin’s correlation to gold has surged since the turn of the year and especially in recent weeks, further strengthening the debate the cryptocurrency is maturing as a safe-haven asset. Source (VanEck report) While the rest of the equity markets dipped in the

Coronavirus Pandemic Reminds Us That Security Is Important During the Zoom Boom

Source Node: https://cointelegraph.com/news/coronavirus-pandemic-reminds-us-that-security-is-important-during-the-zoom-boom

Time Stamp: April 3, 2020 10:11 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Even with all the looming uncertainty surrounding the global COVID-19 pandemic, system security needs to remain at the forefront of companies’ planning. Businesses around the world are shutting down under local, state or national decrees as COVID-19 fears bring caution regarding public gatherings. Unsurprisingly, hackers have used the unprecedented opportunity of chaos and panic to probe weaknesses in information technology systems. One of those systems happened to be the United States Department of Health and Human Services, making the act even more egregious, considering the circumstances.But the problem extends beyond hackers

Binance Research Finds Bitcoin Correlated to Stocks — But Not For Long

Source Node: https://cointelegraph.com/news/binance-research-finds-bitcoin-correlated-to-stocks-but-not-for-long

Time Stamp: April 2, 2020 10:20 PM - Modified On: August 29, 2021 - Published By:

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Republished By Plato

In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold.Bitcoin was down 10% over the quarter but still outperformed the S&P 500 which experienced a 19% drop. According to the report, the correlation was fairly high at 0.57, as shown through similar patterns in daily business day returns.Gold and long-term treasuries showed no relationship to other markets as they rose by 8% and 23% respectively.The good news for hodlers is that

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving

Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:

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Republished By Plato

Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

Decoupling? Bitcoin Price Surges Above $6.7K as Stocks Again Bearish

Source Node: https://cointelegraph.com/news/decoupling-bitcoin-price-surges-above-67k-as-stocks-again-bearish

Time Stamp: April 2, 2020 1:56 AM - Modified On: August 29, 2021 - Published By:

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Republished By Plato

Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively. The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases. Earlier this week the White House also stated that it concurs with the estimate that up to

Bitcoin Price Will Go Up as Only Profitable Miners Remain: Data Analyst

Q&A: What is Prime Brokerage, and Will it Gain Traction in Crypto?

Bitcoin Posts Laudable Performance Over the Quarter

Binance Research Finds Bitcoin Correlated to Stocks — But Not For Long

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