Jackson Hole and Bitcoin’s Shift Toward Gold..
Cryptocurrency prices have barely changed, while investors are awaiting results from the largest banking event in the United States. The total capitalization of the crypto market is above $2.67 trillion. The crypto market’s Fear and Greed Index stands at 73 points out of 100 possible.
In recent years, the crypto market has shown a high correlation with traditional markets; crypto traders are watching many economic events.
The price trend on the largest U.S. crypto exchange, Coinbase, is stable. On the American platform, for the first time in the past 100 days, Bitcoin is trading with a slight premium.
In the crypto community, this figure is called the Coinbase Premium indicator, and when it turns positive, it usually coincides with periods of asset growth. This is explained by heightened interest from institutional investors in the U.S.
It is also noted that the correlation between Bitcoin’s price and gold has increased. The metric has reached a six-month high, while the indicator relative to the NASDAQ index has reached its lowest level for the year.
Cryptocurrency prices have barely changed, while investors are awaiting results from the largest banking event in the United States. The total capitalization of the crypto market is above $2.67 trillion. The crypto market’s Fear and Greed Index stands at 73 points out of 100 possible.
In recent years, the crypto market has shown a high correlation with traditional markets; crypto traders are watching many economic events.
The price trend on the largest U.S. crypto exchange, Coinbase, is stable. On the American platform, for the first time in the past 100 days, Bitcoin is trading with a slight premium.
In the crypto community, this figure is called the Coinbase Premium indicator, and when it turns positive, it usually coincides with periods of asset growth. This is explained by heightened interest from institutional investors in the U.S.
It is also noted that the correlation between Bitcoin’s price and gold has increased. The metric has reached a six-month high, while the indicator relative to the NASDAQ index has reached its lowest level for the year.