Ned Davis, who has operated his namesake Wall Street research firm since 1980, believes a Nasdaq bubble is forming. Based on the rough correlation between Bitcoin (BTC) and stocks in recent months, it could negatively affect the crypto market. Since March 2020, Bitcoin and the S&P 500 saw an uncanny correlation. There were some periods where BTC was stagnant during a stock market rally, especially from May to June. But for the most part, the correlation has remained high. On July 9, the correlation between Bitcoin and the S&P 500 reached an all-time high at 0.38. The correlation between Bitcoin …

During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government's money printing and spending efforts. "There is a devaluation of currency," Pomliano said in his July 18 livestream. "The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue to go up in value over long periods of time — stocks, real estate, gold, Bitcoin, all this stuff." Assets up while the economy struggles COVID-19 prevention measures have caused economic stalling and job losses. …

European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of July 17, down from €79 ($90.30) on Monday. Northern Data: “We’re as transparent as it gets” Northern Data, the product of a 2019 merger between U.S. company Whinstone and Northern Bitcoin, claimed to offer High Performance Computing/Artificial Intelligence (HPC/AI) solutions. While touting the scale of its computing capacity to investors and analysts, including well-known German bank researchers, one critic in particular argued …

The TD9 sell indicator emerged on the S&P 500 chart across various time frames. Considering the heightened level of correlation between Bitcoin and stocks, it might hint at a short-term Bitcoin (BTC) price pullback. But cryptocurrency traders seemingly remain unfazed by the vulnerability of stocks. Several traders anticipate Bitcoin to rally toward the mid-$9,000s despite the TD9 signaling for a correction. What is the TD9 system, and why could it hint at a BTC pullback? A TD9 sell signal is an indicator part of the widely-cited TD Sequential system. It spots a potential trend reversal by identifying overextended corrections or …

Bitcoin (BTC) begins Monday by avoiding another test of $9,000, but what could happen to change the mood or even set off a bull run? Cointelegraph takes a look at five major facts that could influence the BTC price during the coming week. Stocks under pressure: does “valuation” matter? The macro outlook seemed more or less stable on Monday. Prior to trading, futures for the Dow Jones, S&P 500 and more were modestly up, despite concerns mounting over coronavirus. Specifically, one source quoted by Bloomberg warned on Sunday, the sentiment is one of worry — both about the spread of …

Lately, Bitcoin price has been showing record-high levels of correlation with traditional markets and on July 9 the correlation between the S&P 500 and BTC reached a new all-time high. Data from Skew shows that the one-year realized correlation reached 0.38 on Thursday, July 9 and this came after the metric had reached new highs earlier in the week. Bitcoin - S&P 500 Realized Correlation. Source: Skew The correlation with traditional markets has been growing at a steady pace recently, with the one-year reaching consecutive new all-time highs. Data from Skew also shows that the 1 month figure also reached …

Amid a bullish mainstream market, news of Coinbase's reported traditional stock market listing could prove timely alongside other companies similar public listing efforts. "When good times are rollin in the stock market, people want to get in there," Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano's response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase's listing. Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits almost 42% higher than its its March 2020 low, …

Though Bitcoin’s (BTC) correlation with gold has diminished, the asset’s correlation with the S&P 500 stock market index is on the rise, researchers from Kraken exchange found. Kraken Intelligence, a research arm of major United States cryptocurrency exchange, Kraken, released a “Bitcoin Volatility Report” for June 2020. Bitcoin’s volatility hits a 6-month low Published on July 9, the new report outlines a 31% drop in Bitcoin trading that resulted in a six-month low of Bitcoin’s annualized volatility, which accounted for 51% in June. According to the report, the significant decline in volumes and volatility marked June as the quietest month …

Bitcoin (BTC) begins a new week testing increasingly weak $9,000 support, but what factors could make or break price performance? Cointelegraph Markets takes a look at the main things traders should focus on in Bitcoin for the coming five days. Stocks recover led by China Stock market futures showed a mixed but overall stronger mood going into Monday. Data, notably last week’s better-than-expected United States employment figures, helped to buoy the mood. Stocks continue to rise, with Chinese stocks booming, despite the rapidly increasing spread of coronavirus. China’s FTSE A50 index hit all-time highs on the day. Weighing that issue …

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases and a key member of the White House coronavirus taskforce, says the number of daily infections in the U.S. could reach 100,000 per day if immediate precautions are not taken to prevent the spread of the virus. As Fauci issued this warning, stocks reacted with caution and investors are anticipating that a downturn in equities markets may lead to a correction in Bitcoin (BTC) price. Fauci also cautioned that an effective vaccine may not arrive as quickly as the medical community expects. He said on July …

Bitcoin (BTC), in fact, crushed stock markets during the Covid-19 recovery with equity “growth” simply down to inflation, fresh data argues. Charts showing stocks denominated in gold and Bitcoin in 2020 show that far from having their best quarter in ten years, markets had no “recovery” at all. “It’s all inflation” The perspective is starkly different to the message coming from governments and mainstream media about the health of the economy. Central bank intervention, they claim, helped boost stocks to clinch their strongest quarterly growth since 2011 in Q2. But when viewed in BTC, however, Q2 gains from the March …

Bitcoin (BTC) being 95% correlated with the S&P 500 may haunt traders this week as one analyst warned that a 400-point crash could soon hit. In the latest episode of his Trading Bitcoin YouTube series, Tone Vays focused on Bitcoin falling in line with stocks. Bitcoin decoupling in jeopardy BTC/USD dipped on June 25 as markets broadly lost on the back of fresh coronavirus infection worries. Despite bullish news for Bitcoin this week, the largest cryptocurrency’s close correlation to stock markets returned to the spotlight as bearish pressure mounted. At press time, BTC/USD had staved off a dip below $9,000 …