Bitcoin Versus Stock Market

This means that traders can better leverage their funds to create wealth. Bitcoin on the other hand commonly goes down or up by 10 15 per day. The average stock experiences volatility of maybe 1 3 per day meaning that they don t go up or down very much in short time frames.

After a sharp decline early in the week bitcoin prices have stabilized around 8 000 and while plenty of market pundits provided supposed reasons for the recent selloff the most likely explanation is that the market simply got too overheated at the end of 2017. 1 446 investors read this. February 9 2018 3 44 pm by kyle torpey.

Bitcoin meanwhile is down nearly 50 in 2018 and has lost well more than half its value since peaking above 19 000 in mid december. As you can see even despite a full fledged stock market correction from february through april the s p 500 has been more or less steady up roughly 1 so far this year. Meaning a rise in one asset leads a fall in the other.

In the past the correlation between gold and s p 500 has had a higher tendency of negative correlation. Coinmetrics moreover while the correlation between bitcoin and the stock market has sky rocketed the same is not true for gold. Bitcoin and spx correlation source.

Bitcoin pulls away from stock market as price staying above 8 000 signals strength bloomberg analyst bitcoin btc staying above 8 000 is a sign of increasing momentum and detachment from the stock market beta pull according to bloomberg senior analyst mike mcglone. Snapchat responsible for the time wasting of penniless teenagers is worth 33 billion in market cap. Goldman sachs responsible for much of the american and global economy is worth just 67 billion in market cap.

July 5 2020 5 15 pm 0. The stock market vs bitcoin and ethereum who s gonna win. Stock growth hasn t been as dramatic but it s also been more stable since 2015.

However during 2017 the price suddenly rose reaching a high of 19 891 in december before dropping below 3 500 in december 2018.