e Bitcoin Tau ma Fa'asoa Fa'atatau Fa'atinoga?

By Bitcoin Mekasini - 2 tausaga talu ai - Taimi Faitau: 1 minute
Aso Lulu, Ianuari 12, 2022 1:00 AM

e Bitcoin Tau ma Fa'asoa Fa'atatau Fa'atinoga?

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.

O lo'o i lalo mai se lomiga lata mai o le Deep Dive, Bitcoin Talafou maketi maketi a le mekasini. Ia avea ma se tasi e muamua mauaina nei malamalamaaga ma isi i luga o filifili bitcoin au'ili'iliga tau maketi i lau pusameli, totogi nei loa.

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 tagata faʻapisinisi.

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

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.

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.

Punavai autu: Bitcoin tusiata