BTC, ETH can opt for an unrelated path as fear grips stock market. Assessing…

earlier by AMBCrypto, BTC’s correlation index with the USD reached zero. For starters, the metric keeps track of the linear dependence between the prices or values of any two given commodities or assets.

On the contrary, the crypto market might benefit from such an adverse situation as more new investors might resort to cryptos and resort to making an exit from traditional investments for the security of funds.While we speculate about what might be ahead of us, let’s take a look at Bitcoin’s mining sector. Coinwarz’s data pointed out that BTC’s hashrate has been on the rise comfortably for multiple years.

While BTC’s metrics looked bullish, the same was not true with the state of the king of altcoins. As per, ETH was down by more than 3% in the last 24 hours. At the time of writing, it was trading at $1,577.01 with a market cap of over $189 billion. Like Bitcoin, the crypto market is also influenced by Ethereum’s performance.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Bitcoin’s network expansion is not reflecting in BTC’s priceDespite the drawdown in Bitcoin's value from 2021 peaks, the network's hash rate has continued to increase.
Source: CryptoAmb - 🏆 22. / 68 Read more »

MicroStrategy boosts Bitcoin holdings as BTC sits tight near the $26k rangeBusiness intelligence company, MicroStrategy made an addition to its existing BTC portfolio. Between 1 August and 24 September, the company bought an additional 5445 BTC. However, the price of BTC remained unchanged.
Source: CryptoAmb - 🏆 22. / 68 Read more »

BTC falls to $26k over the weekend but the bulls could drive a recoveryThe price action and momentum of Bitcoin in the short-term were bearish but there was a good chance that the dip was a liquidity hunt before a bullish reversal
Source: CryptoAmb - 🏆 22. / 68 Read more »

Vitalik Buterin makes a massive ETH transfer – A good move or bad?Vitalik Buterin's recent transfer of 400 ETH to Coinbase has sparked intrigue as a number of Ethereum ICO participants are waking up from dormancy.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Coinbase becomes the largest Bitcoin holder with $25 bln in BTC reservesCoinbase's colossal Bitcoin holdings, unveiled by Arkham Intelligence, challenge crypto's status quo. With over 1 million BTC and regulatory uncertainties, it's a fascinating cryptocurrency tale.
Source: CryptoAmb - 🏆 22. / 68 Read more »