Insights Pulse Insights

Mar 27

Is Crypto's Lag Behind the SP500 and Gold All-Time High Pushes a Hidden Bullish Divergence? 27-03-24, 21:08

πŸ“Š #Crypto traders normally hope that #Bitcoin and other assets carve their own market performance path, without reliance on #equities or other sectors. But for a change, the crowd has been suggesting that the strong #AllTimeHigh levels from the #SP500 and #gold are creating a #bullish divergence for $BTC and #altcoins to be pulled up from profit distributions from these other sectors.

With $BTC's whales accumulating big this week and the #halving just three weeks out, this increased optimism and today's perpetual contract funding rate increase on #Binance may have some merit to predicting where #cryptocurrency goes next. πŸ‘

Save this Sanbase chart to your own profile to track how things continue to progress in the trading sector wars!

Feb 28

Bitcoin and Ethereum Continue Edging Closer to All-Time Highs WITHOUT Help From S&P 500 and Equities 28-02-24, 22:07

#Bitcoin has now climbed as high as $64.1K before a mid-sized retracement down to $59.8K approximately 4 hours later. Today's high has now closed the gap to within 7.2% of $BTC's $68.7K #AllTimeHigh established on November 10, 2021.

Meanwhile, #Ethereum has reached as high as $3,483, which is within 39.5% of its $4,859 #AllTimeHigh, also established on November 10, 2021.

#Crypto markets continue to surge with essentially no correlation to the #SP500 and #equities markets. This is historically a strong validator that the #cryptocurrency sector is in a confirmed #bullmarket.

Track the continued correlations between sectors on our price comparison chart here.

Feb 26

Microstrategy Buys 3,000 More Bitcoin, Price Jumps to Highest Level Since 2021! 26-02-24, 22:56

πŸ“ˆ With assistance from #Microstrategy's latest purchase of an additional 3,000 #Bitcoin, the market value of #crypto's top cap asset has jumped as high as $54.9K today, equaling its highest price since December 3, 2021. Notably, this happened on a day that the #SP500 declined -0.5%, indicating that #crypto may be shedding some of its reliance on #equities markets.

Historically, minimal correlation between #cryptocurrency markets and #stock markets has led to the largest #bullruns for $BTC and #altcoins.

Check out the link to our sector comparison chart here!

Jan 26

Is Bitcoin On its Way to Catch Up to the Monster SP500 Profits? 26-01-24, 21:41

πŸ“Š #Bitcoin crept over $42K today, even though #altcoins are not following suit (yet). The #SP500 had just made a new #AllTimeHigh yesterday, and the #bullish argument for #crypto is that $BTC and other large caps may 'regress to the mean' and play catch-up with the #equities markets. The #cryptocurrency sector has really lagged behind stock markets, particularly after it began deviating in the opposite direction back on January 17th.

Grab a FREE Santiment trial, and monitor the correlation between crypto and equities as we head into the final few days of January!

Dec 27

Crypto, Gold, and Equities All Enjoyed Incredible Rebounds in 2023! 27-12-23, 20:48

πŸ₯³πŸ“Š 2023 is going down in the books as one of the best performing years of the century, accounting for multiple major sectors. #Bitcoin and #Ethereum are still within reach of breaking 1.5+ year highs, which were just established 3 weeks ago.

  • Bitcoin: Current market price of $43,157. If the asset gains +2.9% more in value, it will break a 20-month high
  • Ethereum: Current market price of $2,350. If the asset gains +1.6% more in value, it will break a 20-month high
  • S&P 500: Current market price of $4,775. The sector has just reached another 23-month high as traders are optimistic about interest rate reductions in early 2024.
  • Gold: Current market price of $2,089. If the precious metal gains +2.3% more in value, it will break a new all-time high

Dec 14

Will These Final 2 Weeks of 2023 Be BOOM or BUST For Crypto Markets? 14-12-23, 20:07

πŸ“Ί #Crypto markets have been all over the place this past week, but they have been rebounding as of late after #altcoin hype died down. Check out our video market update with @Minted_Max to talk about how the remainder of 2023 should shake out!

Nov 28

Cryptocurrency and Equity Sectors are Correlating Tightly Once Again 28-11-23, 02:51

πŸ“Š #Bitcoin (+6.9%), #Ethereum (+12.2%) #SP500 (+8.5%), and #gold (+1.5%) have had encouraging November performances. Particularly with the stock market, it has rapidly caught up to #crypto over these past couple weeks. If $BTC makes a run from here without stocks following suit, this would be a strong sign that the correlation between sectors is breaking once again, which is typically a recipe for a #cryptocurrency #bullmarket.

Grab a week of free real-time #Santiment metrics here.

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