{"id":4141,"date":"2020-09-22T16:25:16","date_gmt":"2020-09-22T16:25:16","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4141"},"modified":"2020-09-22T16:46:27","modified_gmt":"2020-09-22T16:46:27","slug":"correlation-between-stock-and-bitcoin-a-study","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/correlation-between-stock-and-bitcoin-a-study\/","title":{"rendered":"Correlation between stock and Bitcoin: A study"},"content":{"rendered":"

During March, we have seen a massive stock market crash in recent memory. This is when we were preparing the Covid-19 pandemic and focusing on social distancing lockdown, etc. The Bitcoin<\/a> market quickly followed suit. This event has given birth to a question, will history repeat itself again? The answer is not that simple according to Thomas Perfumo, head of Kraken, and Eisma, head off the XBTO group.
\n\"Back<\/a>
\nIf we are to check statistics we will see that there is a positive relation between S&P 500 and Bitcoins. With the crash in the stock market, Bitcoin’s price plummeted by 58%, during early March.
\nThis creates another debate, is the Bitcoin market really independent of the traditional one. Eisma cited the findings from Coin Metrics (calculated using Pearson 90-day setting) to explain the correlation. According to that, the correlation was positive during the first several months, and then negative.<\/p>\n

\"\"<\/a>
\nHowever, Perfumo stated that there will be no significant impact in the long term.
\nWhy? Because despite the initial setback, Bitcoin broke all previous records and created new ones. The bounce-back rate is 162% in 55 days for Bitcoin, but it is 47% for 77 days. This will happen in the future too.<\/p>\n","protected":false},"excerpt":{"rendered":"

During March, we have seen a massive stock market crash in recent memory. This is when we were preparing the Covid-19 pandemic and focusing on social distancing lockdown, etc. The Bitcoin market quickly followed suit. This event has given birth to a question, will history repeat itself again? The answer is not that simple according …<\/p>\n","protected":false},"author":1,"featured_media":4142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[61],"tags":[137,138,139,134,140,136],"aioseo_notices":[],"yoast_head":"\nCorrelation between stock and Bitcoin: A study<\/title>\n<meta name=\"description\" content=\"During March, we have seen a massive stock market crash in recent memory. 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