Bitcoin's Calm Amid Soaring Bond Market Volatility Points to 'HODLer'-Dominated Crypto Market

Since the early days, cryptocurrencies, including bitcoin , have been criticized for being too volatile relative to traditional markets and unreliable as a medium of exchange or a store of value.

One explanation for bitcoin's relatively calm is that most macro traders sensitive to the Fed policy and traditional market volatility left the crypto market early this year. And the crypto market is now dominated by"HODLers" – investors intending to hold BTC long-term in hopes that the cryptocurrency will eventually evolve as digital gold and a medium of exchange.

"They did not really care about the seizure and censorship resistance, they wanted the upside potential, and because crypto assets were treated as high-risk vehicles, they started to behave as such," Acheson noted. The 90-day correlation coefficient between bitcoin and the S&P 500 increased from 0.5 to 0.94 in the second quarter, perhaps a sign of macro traders divesting crypto holdings amid risk aversion in the equity market. The 90-day correlation dipped to 0.44 last month and stood near 0.7 at press time, still elevated but well below the second-quarter high of 0.94.

godbole17 Come to the $Tsuka sangha. All are welcome with love. The journey to financial freedom is the destination ❤️🧘🏻‍♂️🔥🐉 Dejitaru_Tsuka

godbole17 $TSUKA is forging its own path in the midst of unstable markets, the strength of the community is unmatched, JoinTheSangha to see for yourself 🔥🐲

godbole17 Don't be sad - $BTC 💩 volatility is about to be back - with a bang! 🤣

godbole17

godbole17 Go $tsuka instead

godbole17 $tsuka has proven to be the ONLY hedge against inflation and crypto in general, since its inception on may 26th this year it's hovering above 100M mcap right now

godbole17 $TSUKA remains unfazed by bond market volatility as most short-term macro investors exited the market early this year. 👀🐉🔥 JoinTheSangha LFG

godbole17 🚀Thankss a millon

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Here's Why Coinbase Q3 Report Is Important for Crypto Market as Its Date Is AnnouncedCoinbase financial results date announced, here's why it could shake up crypto market coinbaseexch coinbase coin cryptocurrencies crypto $coin
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »

Customer support gets swamped during market swings — Exchange execsCrypto market volatility can put immense pressure on customer support workers at crypto exchanges, leading to the CEO and founders assisting their teams during times of stress. We experienced similar conditions during the last bull run. It is challenging but our customer service team could also tell you that it's very rewarding. Great article!
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »

Customer support staff swamped during market swings — exchange execsElon Musk's posts about Dogecoin can cause crypto exchange account sign-ups to rocket up to seven times the daily average, placing massive stress on onboarding teams and customer service, execs told Cointelegraph. Only Elonmusk can move the crypto market ... It is really concerning how one person can control the price action of an asset, luckily HORDE and our protocol can be a hedge for the value of your money💵 Elon Musk twitting about $NDAU would be great
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »

S&P 500 Extends Slide as Traders Eye Economic Data, Bank EarningsS&P 500 sinks by 1% as traders brace for CPI on Thursday. Fedspeak remains hawkish as FOMC looks to talk down market. Bank earnings to set the tone for Q3 earnings season.
Herkunft: DailyFX - 🏆 305. / 63 Weiterlesen »