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Evaluating the Bitcoin-S&P500 correlation and its impact on BTC prices
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FUDs, fear, and FOMO still seem to have a love-hate relationship with the top coin. Yet, again Bitcoin was the victim of a market FUD that pulled the asset’s price down by almost 8% in less than six hours on 10 November.
While it looked like Evergrande didn’t default as initially reported, the rumors were enough to affect financial markets (S&P 500). Especially, Bitcoin negatively. Almost two months ago when the Evergrande crisis had sent tremors across the financial system, Bitcoin had fallen
Read more on ambcrypto.comAbout this in other media
Bitcoin price metric demands 'strong reaction' as $56K BTC starts to look 'seriously cheap' cointelegraph.com /2 years ago
Explained: All about El Salvador's volcano-powered bitcoin bond economictimes.indiatimes.com /2 years ago
El Salvador To Build World's 1st "Bitcoin City" With Money From $1 Billion Bitcoin-Backed Bond ndtv.com /2 years ago
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