The market is holding that price floor well as large investors return.
Price charts also are sending signals the oldest cryptocurrency might be losing steam.
And yet, bitcoin’s trading volume shows no signs of returning to previous high levels.
Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.
While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month.
The S&P 500 has recovered to hit new all-time highs but how real is it, and how are leading finance minds interpreting the recovery?
Analysts expect bitcoin’s positive correlation to traditional markets to continue and strengthen.
According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500.
Bitcoin traders love hitting buy on their terminals when the price is around $9,000.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Bitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has gotten stronger. That may not be bad news.
Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.
Equities show strength as bitcoin stays rangebound above $9,000.
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.