Archive: correlation

Crypto Market Musings As of this writing, bitcoin is up about 3% over the last seven days and trading around $20,000. Ethereum is up about 2% over the last seven days and trading around $1,358. There’s no Fed meeting this month, so we won’t have to worry about interest rate hikes until the beginning of November. So a pair of key indicators will drive both the crypto and equities markets instead:  If…

Ethereum Outperforms the Market… for Now

By Vin Narayanan on September 9, 2022

Crypto Market Musings Can August please come back? On August 1, bitcoin was trading around $23,000. On August 31, it was trading around $20,000. As of this writing, it’s trading around $19,360. I like August’s numbers better. My general approach to bear markets is summed up…

A Strong Dollar Drives Bitcoin’s Price Down

By Vin Narayanan on July 15, 2022

Crypto Market Musings Phew. June inflation numbers came in hot on Wednesday — and the markets mostly yawned. Bitcoin is trading (as of this writing) at around $20,000. It was trading around $21,000 last week. Ethereum is trading around $1,131. It…
There’s a strong correlation between bitcoin Google searches and bitcoin price spikes. But that doesn't mean there’s causation.