fbpx

Bitcoin and Its Rebound Relationship with Gold

Bitcoin this week broke up its three-month-old relationship with the US stocks. The hottest cryptocurrency is now dating gold. A rebound relationship ensues. In non-Woody Allen’s terms, the short-term correlation between Bitcoin and the S&P 500 plunged this week – from 78.8 percent two weeks ago to 42 percent. At the same time, the cryptocurrency’s proximity with…

I Am an anti-FUD Bitcoin Op-Ed Piece

Bitcoin is back in the news again. This time, due to all the bad reasons. The benchmark cryptocurrency earlier this month slipped by up to 38 percent from its local peak of $10,540, according to data provided by CoinStats’ cryptocurrency portfolio management app. Meanwhile, it remained stuck in a much larger downtrend after establishing $14,000…