Sing Bitcoin Rega lan Ekuitas Kinerja Hubungane?

By Bitcoin Majalah - 2 taun kepungkur - Wektu Wacan: 1 menit

Sing Bitcoin Rega lan Ekuitas Kinerja Hubungane?

Potential correlation between bitcoin and equities is in focus as the S&P 500 reached as far as 4.2% below its all-time highs.

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Sumber: TradingView

The two assets have been trading in a very correlated fashion since the start of the new year. With the stock market open this morning, both assets sold off in tandem, with bitcoin bouncing first with equities following, which serves as a strong sign for bitcoin investor.

Currently the rolling one-month correlation between the two assets is +46.7%.

Sumber: Sambah

Despite the mostly positive correlation between the two assets over the past 24 months, the S&P 500 is down by 76% in BTC terms since the start of 2020.

Sumber: TradingView

Investors across the equity and crypto markets are keeping a close eye on the upcoming CPI print this coming Wednesday, with the current prediction number at 7.1% year over year. The consensus is that the market's selloff off in inflation comes in stronger than the predicted figure, with higher relative inflation meaning increased pressure for the Fed to hike rates in 2022.

Sumber asli: Bitcoin majalah