S&P 500 Uptrend May Spark Bitcoin Run

One analyst believes that there is a strong correlation between the equities markets and Bitcoin markets which have both been experiencing a long consolidation period.

The analyst argues that the S&P 500’s performance on a yearly basis impacts Bitcoin and the best years of BTC have been the ones where the S&P climbs over 15%.

Bitcoin’s aggressive bounce each time it encounters dip below 10,000 level paints a very bullish picture of the current situation as this means this level is filled with buying pressure that could lead to another parabolic movement upwards.

The current market depends on how the crypto market will react to the upper-$10,000 price range and which is a critical level to whether or not Bitcoin will carry enough momentum to climb back towards in 2019.

However, it must be noted that it remains unclear as to whether or not Bitcoin and the S&P 500’s macro-uptrend since 2009 is purely coincidental.

Headlines for the world of Cryptocurrencies - September 12, 2019

• New Powerful Ethereum Miner To Hit Stores Next Year
• New DeFi Cryptocurrency Index Feature In NasDaq
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Headlines for the world of Cryptocurrencies - September 11, 2019

• New Powerful Ethereum Miner To Hit Stores Next Year
• New DeFi Cryptocurrency Index Feature In NasDaq
• First U.S. SEC-Approved Token Sale Raises $23 Million
• Binance Futures Daily Trading Volume Reaches $150M
• Houbi Exchange Founder Now CEO At Hong Kong Holding Company

Headlines for the world of Cryptocurrencies - September 10, 2019

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• Coinbase Invest $2M USDC In DeFi
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• Ethereum 2.0 Progress Surprises Devs