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Bitcoin and Stock Markets Demonstrate Stronger Positive Price Correlation Amid Inflation Fear

The closing price of the U.S. stock indexes, alongside bitcoin and ether over seven days, reveals the bearish reaction to rising inflation. The 90-day correlation between bitcoin and the S&P 500 has increased from around zero in June to about 0.3% now, representing a slightly positive price relationship. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitwise Withdraws Bitcoin Futures ETF Filing, Citing Cost, Complexity

Bitwise Asset Management has withdrawn the application for its Bitcoin futures ETF, citing what it said are the cost and complexity of such ETFs. The company will instead focus its efforts on its spot bitcoin ETF filing already in the pipeline. "The Hash" squad discusses the story and what it reveals about the pros and cons of investing in ETFs.

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Markets

Bitcoin potrebbe trovare supporto a $ 56K-$ 60K

La spinta al rialzo sta iniziando a rallentare, soprattutto alla luce dei recenti segnali di ipercomprato sui grafici.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

Finance

Investire direttamente in Bitcoin potrebbe essere una scommessa migliore rispetto a Coinbase: Mizuho

Mizuho ha detto ai clienti che l'exchange Cripto potrebbe dover affrontare difficoltà nel settore a causa della più ampia adozione delle Criptovaluta.

Coinbase (Getty Images)

Videos

Bitcoin Retreats From All-Time High, Ether Follows

Bitcoin is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 Wednesday. Ether also reached an all-time high Wednesday, hitting $4,851, but is down a little over 2% on the day. Rich Rosenblum, co-founder and president of GSR Markets, discusses the potential factors driving lower prices.

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Markets

Bitcoin balza a un nuovo massimo storico mentre l'inflazione sale al 6,2% a ottobre

I trader BOND stanno aumentando le loro scommesse su un'inflazione più rapida dopo che l'indice dei prezzi al consumo degli Stati Uniti è balzato del 6,2% nei 12 mesi fino a ottobre, il tasso più alto in tre decenni. Ancora "transitorio?"

Bitcoin's hourly price chart showing a rally to new record high after CPI release. (TradingView/CoinDesk)

Markets

Bitcoin si ritira dal massimo storico, supporto tra $ 63K e $ 65K

I grafici intraday mostrano i primi segnali di esaurimento del rialzo.

Bitcoin four-hour price chart (Damanick Dantes/CoinDesk, TradingView)

Videos

Why Rising Inflation Could Be Good for Bitcoin

Bitcoin rises to a fresh all-time high after the U.S. Bureau of Labor Statistics releases the October consumer price index (CPI) number, the highest since 1990. CoinDesk's Galen Moore discusses why the inflation increase "would be good for bitcoin," adding "[inflation] tends to seem to drive bitcoin and the stock market apart." Plus, reasons behind Coinbase's user numbers and revenue decline for the third quarter.

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