Categories: Bitcoin Latest News

Bitcoin’s Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data

The 90-day correlation coefficient between the two has declined to -0.70 from -0.11 four weeks ago, hinting at a strong inverse relationship.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

Bitcoin Price and Hashrate Divergence May Set the Scene for a Potential Rally, Historical Data Shows

September's counter-seasonal price trend has already started to show signs of this divergence trend helping…

2 hours ago

Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate

Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower…

2 hours ago

MicroStrategy’s Bitcoin Stash Exceeds 250,000 BTC Following Half-Billion Dollar Acquisition

Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a…

3 hours ago

Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000

Large investors seem to be upping their ante; at least, that’s the story of Bitcoin…

3 hours ago

How Bitcoin Will React After The U.S. Election

As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s…

4 hours ago

MicroStrategy Buys Additional $489 Billion Worth of Bitcoin

MicroStrategy CEO Michael Saylor announced on September 20 that it has purchased an additional 7,420…

5 hours ago