Mar 27
📊 #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. 👍
Save this Sanbase chart to your own profile to track how things continue to progress in the trading sector wars!
Feb 26
📈 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.
