Dear valued User,
We work with different types of advertisers. Some of them include gambling, investment schemes, High Yield Investment Program, Cryptocurrency, and Alcohol or tobacco etc. In no way or form are we endorsing these products/services. Please utilize them at your own risk, religious/country rules and requirements. Whatever you chose to follow, invest or gain please do at your own risk and free will. Thank You, ES Management
Cryptocurrencies: 4536
Markets: 59438
Market Cap: $1,292,585,275,244     
24h Vol: $78,107,280,550
Seeking Alpha 2022-01-15 16:18:00

Bitcoin's high correlation with stocks raise chance of investor sentiment spillovers, report say

It appears the correlation between bitcoin (BTC-USD) and stocks (SP500) has strengthened since the start of 2022 amid increased cryptocurrency adoption, suggesting that the largest digital token by market cap acts more like a risk asset, according to a recent blog post from the International Monetary Fund. In fact, the rolling 20-day correlation of bitcoin (BTC-USD) and the S&P 500 index (SP500) jumps above 0.7, the highest level seen since Oct. 2020, Charles Schwab Chief Investment Officer Liz Ann Sonders writes in a Twitter post. However, before the pandemic started, bitcoin (BTC-USD) and ethereum (ETH-USD), the second-largest digital coin, showed little correlation with major stock indices, the IMF notes. But this changed after the Federal Reserve and other central banks' unprecedented monetary response to COVID-19. "Crypto prices and U.S. stocks both surged amid easy global financial conditions and greater investor risk appetite," the blog reads. Note that bitcoin (BTC-USD) +495% and the S&P

Hashing Ad Space