The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
A death cross signals a possible enduring shift towards a bearish momentum, while a golden cross implies the contrary.
Bitcoin and S&P are correlated – that’s the idea that has been once again voiced by the prominent analyst known as Plan B. The stock-in-flow creator has reiterated that there is a definite correlation between Bitcoin and the stock market, including the S&P 500 index.
The stock-in-flow creator has reiterated that there is a definite correlation between Bitcoin and the stock market, including the S&P 500 index.
7: Periods of lower negative correlation happen often, like at the end of 2019 and January 2020 when the S&P was rocketing to new highs and bitcoin was struggling to remain flat. At the hard right edge of the chart, we see bitcoin crashing while the S&P hits still more all-time highs.
In the June 17 tweets, Plan B maintained that the two markets also co-integtate being “R Squared” at the 95% value. He cited the March incidence when the price of Bitcoin reacted in tandem with the S&P 500 highlighting its feature as a dependent variable which is highly influenced by movements in the stock market.
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