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Cryptocurrency News Articles
Bitcoin (BTC) 30-Day Correlation with the Nasdaq 100 Nears Highest Level Since Early 2023
Jun 07, 2024 at 03:04 am
Despite the possibility of further upside for Bitcoin in the tailwind of the equity market, this might not be the parabolic upward movement the market expects.
Bitcoin’s 30-day correlation with the Nasdaq 100 Index is approaching its highest since early 2023, suggesting that further gains in the index may be mirrored by BTC.
Moreover, Mike Novogratz said in an appearance on Bloomberg Television that a “more benign US political environment for digital assets” could help propel BTC to $100,000 by year-end.
However, whether Bitcoin is poised to begin its ascent to Novogratz’s prediction following any further upside from Nasdaq 100 remains to be defined by the weekly close. Trader Rekt Capital has highlighted that BTC has been accumulating within a range between $68,000 and $71,000 since the halving on April 20.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
