Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $0.000.030% 24H
    BITCOIN
    24H : 0.030%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.00% 24H
    ETHEREUM
    24H : 0.00%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.810% 24H
    BNB
    24H : 0.810%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.001.63% 24H
    XRP
    24H : 1.63%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.000.170% 24H
    CARDANO
    24H : 0.170%
    Volume : $0.00
    Marketcap : $0.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.007.42% 24H
    TERRA LUNA CLASSIC
    24H : 7.42%
    Volume : $0.00
    Marketcap : $0.00
Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
Coinscreed
No Result
View All Result
Home News Bitcoin News

Bitcoin Price Increases By 5% To Catch Up With Nasdaq 100

Kolade Elusanmi by Kolade Elusanmi
1 year ago
in Bitcoin News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter
Bitcoin is having a relief rally as it has managed to recover negative gains with a correlation level with Nasdaq 100.

Bitcoin (BTC), the world’s largest cryptocurrency, is up 5% in a weekend rally that has taken it past $30,000 levels. Bitcoin continued to fall last week, with a significant lagging from the tech stock and the Nasdaq-100.

Bitcoin appears to be attempting to make up for lost ground with the Sunday gains. BTC has recovered from its recent losses and is currently trading at flat levels on the weekly chart. The Nasdaq 100, on the other hand, finished the week up nearly 7%.

SuggestedArticles

Coinbase CEO to contest SEC Lawsuit In U.S. High Court

Coinbase CEO to contest SEC Lawsuit In U.S. High Court

19 hours ago
Volcano Energy Invests $250M in El Salvador's Bitcoin Mining

Volcano Energy Invests $250M in El Salvador’s Bitcoin Mining

1 day ago

Lark Davis, a cryptocurrency analyst, believes that a relief rally is likely. He also explains Bitcoin’s relationship with the Dollar Index.

The bigger question now is whether Bitcoin can sustain its recent price increase. Antoni Trenchev, co-founder and managing partner of cryptocurrency lender Nexo, believes the coin is on its way to new lows. Trenchev explained to Bloomberg:

“This is the type of de-correlation nobody wanted. Bitcoin has yet to test its sub-$26,000 May 12 lows. One senses it’s only a matter of time, given Bitcoin’s failure to mirror the Nasdaq’s gains in the past week.”

Mark Newton, Fundstrat’s head of technical strategy, wrote to clients, “One final pullback to test May 12 lows near $25,401 still looks more likely before any meaningful low is in place.”

Bitcoin, like stocks, experienced a significant price correction in May. However, while stocks have begun to recover, Bitcoin and the broader crypto space have continued to fall. When it comes to the overall performance of the crypto market, Bitcoin has been relatively stable, while altcoins have been crashing like there’s no tomorrow.

The weight of global macros will continue to have an impact on crypto in the future. The Fed will continue to raise interest rates until US inflation returns to normal.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive a weekly round-up of the latest happenings in the crypto space!

We don’t spam! Read our privacy policy for more info.

Please check your inbox or spam folder to confirm your subscription.

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Contact Us
  • Partners
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • Home
  • News
  • Stories
    • Interviews
    • My Life in Crypto
    • Secret Lives
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
  • Contact Us

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.