The price of Bitcoin (BTC) has increased in the last 48 hours as the United States stock market cautiously increased. The recent correlation between BTC and U.S. equities further intensified, showing a strong momentum in the cryptocurrency market. Holger Zschaepitz, a market analyst at Welt, said: “Global stocks drift as Sino-US tensions weighed on optimism generated by Wall St's tech-driven rally. Asia chip stocks lower after US announced new set of curbs on Huawei access to US technology. Bonds gain w/US 10y yields at 0.68%. Gold at $1993, Bitcoin stays >$12k at $12,254.” Since April, Bitcoin has seen notable correlation …

Bitcoin (BTC) starts a new week at the upper end of its new price range near $12,000 — will the market finally crack it this week? Cointelegraph takes a look at five things to consider when working out where Bitcoin is headed in the coming days. S&P 500 nears all-time highs… again Unlike previous weeks, macro markets and their impact on Bitcoin are back in the spotlight on Monday. China leads the way, with its stocks rallying to near their highest levels in two years on news that the People’s Bank of China, or PBoC, is planning to ease monetary …

All eyes are on Bitcoin (BTC), crypto's largest coin by market cap, and Tesla, a future-centric car company run by eccentric billionaire Elon Musk, thanks to a standout year for both assets. Tradable equity in Tesla, under the ticker TSLA, has captured more of the American public's attention than any other investable asset, according to July figures from financial charting platform TradingView, posted on Aug. 13. Bitcoin held the spotlight as the second most popular asset charted on the platform. TradingView also pointed out that Bitcoin interest is on the rise specifically in Washington, California and Oregon. "The west coast …

After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12,000 mark. This comes after a week of bullish news that included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S. dollar, Coinbase exchange offering Bitcoin-backed loans, and the revelation that BlackRock and Vanguard are major holders of MicroStrategy shares. Cryptocurrency daily market performance snapshot. Source: Coin360 The increasingly bullish sentiment extends across the entire crypto sector, and proof of this comes from altcoins like Tezos (XTZ) and Chainlink (LINK) surging …

Bitcoin’s correlation with traditional assets has grown in the last few months, mainly due to the ongoing, unprecedented macro-economic situation. How strong are these correlations and how are they changing the way that users trade crypto in general? Veteran traders Scott Melker and Michaël van de Poppe will be discussing how to correctly read traditional markets to trade Bitcoin in this week’s episode of Crypto Markets Live. As usual, viewers will be able to interact with our guests by submitting questions to the chat. The Crypto Market Show Live is hosted every Thursday by Cointelegraph. It brings together the best …

Federal regulators in Germany are looking to modernize the country’s securities with blockchain technology. On Aug. 11, Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) introduced a draft bill on blockchain-based digital securities. In the official statement, the authorities outlined that the adoption of digital securities is one of the core aspects of the federal government's blockchain strategy. According to current legislation in Germany, financial instruments that are classified as securities must be secured in a document. Blockchain technology would thus help guarantee liquidity and compliance by providing a replacement for the …

After an exciting weekly close that saw the price of Bitcoin (BTC) rally above the $12,000 mark for the second time this month, the digital asset has lost momentum and slipped below $11,500. The former resistance level at $11,800 has again failed to function as support, and at the time of writing, Bitcoin's price has dropped below $11,600 to test the ascending trendline support at $11,550. Cryptocurrency daily market performance snapshot. Source: Coin360 Bitcoin’s inability to sustain above the $12,000–$11,800 zone comes as the price of gold corrected 3.6% and dropped below its all-time high to $1,950. The price of …

Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909 The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investors Despite the pullback to the $11.4K support, Bitcoin price remains in an uptrend Crypto market daily price chart. Source: Coin360 Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909. The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the red but by the end …

Bitcoin (BTC) is showing all the signs of further price gains but macro markets could still bring the bull run to an end, says Glassnode. In its latest weekly update, The Week On-Chain, the analytics firm sounded the alarm about an external force “halting this bull run in its tracks.” Glassnode: This may be the beginning of next BTC bull market As BTC/USD challenged $11,500, Glassnode revealed various network fundamentals, which pointed the way to even stronger price performance. Combined in its Glassnode Network Index (GNI) index, both liquidity and overall network health were decidedly bullish. A lack of saving …

Amid a major bullish trend on cryptocurrency markets, Bitcoin’s (BTC) market capitalization is outstripping some major publicly traded companies like Intel and Coca-Cola. Following a bullish market in late July 2020, Bitcoin’s market cap saw a significant increase to cross a $200 billion threshold. As of press time, the market cap of the largest cryptocurrency accounts for more than $207 billion, down from a $222 billion intraday-high recorded earlier today, according to data from Coin360. As such, Bitcoin is currently worth more than shares of major global companies like Intel and Coca-Cola in terms of market capitalization. On July 31, …

Retail traders on Robinhood have been increasingly seeing “fear of missing out” or FOMO rallies around certain stocks. The latest beneficiary has been the stock price of the renowned camera manufacturer Kodak (KODK) whose stock surged from $2 to $60 in one day. Therefore, given the current climate of economic uncertainty and “infinite QE,” if the optimism around risk-assets flows over to Bitcoin, chances of a similar rally for BTC price — as some analysts are currently predicting — certainly increase. Moreover, following the Federal Reserve’s FOMC meeting on July 29, strategists expect the overall sentiment of investors to recover, …

Swiss SIX Exchange, one of the world’s largest stock exchanges, is listing a new cryptocurrency exchange-traded product, or ETP. Dubbed the “Bitcoin Capital Active ETP,” the new trading product represents an actively managed crypto ETP, trading Bitcoin (BTC) against 14 top altcoins like Ether (ETH) and exiting to fiat without active involvement from investors. Claimed to be the world’s first actively managed crypto ETP, the new product is now listed on SIX Exchange under index BTCA. Discretionary ETP might be a great fit for the crypto industry The BTCA is registered by Swiss-based crypto investment management firm FiCAS and issued …