Comparing Bitcoin with other financial markets

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Data

Bitcoin has a positive correlation with the US stock market and a negative correlation with the dollar index. US stock market indices have risen over the past few days and the dollar index has fallen. But Bitcoin has not reacted to these changes. If Bitcoin is affected by its correlations, we should see a slight increase in price (local top) in the coming days.

Comparing Bitcoin with other financial markets

Comparing Bitcoin with other financial marketsBitcoin / U.S. dollar BITSTAMP:BTCUSD MJShahsavar Bitcoin has a positive correlation with the US stock market and a negative correlation with the dollar index . US stock market indices have risen over the past few days and the dollar index has fallen. But Bitcoin has not reacted to these changes. If Bitcoin is affected by its correlations, we should see a slight increase in price (local top) in the coming days.

Source: https://bitotal.com/news/comparing-bitcoin-with-other-financial-markets

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