$330.3 million in Bitcoin moved from Coinbase as BTC is rising in correlation with traditional markets. whale_alert intotheblock cryptorecruitr
On-chain data vendor IntoTheBlock has shared a possible reason for Bitcoin demonstrating a rise over the past few days. On April 11, the global flagship cryptocurrency dropped below the $42,900 level and hit a low of $39,000 on April 18.Data provided by IntoTheBlock shows that the Bitcoin price is being propelled by its close correlation to the Nasdaq and S&P 500 indexes.
The latter is showing a rise at the moment, trading at $4,459. It has recovered from $4,391. The Nasdaq Composite index is also showing a rise, going up to 160 EUR from 158 EUR.The correlation between Bitcoin and traditional financial markets is at its highest value of 2022 so far.High correlations that pushed it down early in the year with the S&P500 or Nasdaq appear to be the force propelling it back up.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gov. JB Pritzker signs $46 billion budget plan for 2023, providing $1.8 billion in tax reliefIllinois Republicans have criticized the Democratic governor's budget plan, calling his tax relief programs 'insulting temporary election-year gimmicks.'
Leer más »
BTC, ADA and BNB Price Analysis for April 19Which coin can show the biggest rise at the current bounceback? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX CardanoStiftung ADAcoin_ Cardano cardano
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Back Above $41,000 as Crypto Bulls Return – Market Updates Bitcoin NewsFollowing recent losses, BTC rallied on Tuesday, as bulls appeared to have returned to cryptocurrency markets.
Leer más »
Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOTBulls could regain the upper hand if Bitcoin closes above $42,150, but data suggests continued sideways trading is more likely.
Leer más »
BTC and ETH will break all-time highs in 2022 — Celsius CEOCelsius Network CEO Alex Mashinsky shared his insights on the Bitcoin and Ether markets at Paris Blockchain Week Summit.
Leer más »
BTC and ETH will break all-time highs in 2022 — Celsius CEOMashinsky recognizes that the Russian conflict and actions from the Federal Reserve can potentially lead to a negative turnout for the markets.
Leer más »