Tagged: s&p 500

Blockchain enabled Security Tokens Outperformed the Average of Major US Indices including Dow Jones, S&P 500, Nasdaq in June 2020, Driven by Overstock

Jonah Schulman, head of marketing at Security Token Market, notes that the “main catalyst” for the substantial growth in the security token market, during June 2020, was the 96% surge in the Overstock (OSTKO) security token trading on tZERO. Schulman pointed out that at the… Read More

Bitcoin’s (BTC) Correlation with Gold Weakens, but Strengthens against S&P 500 Stock Market Index in June 2020: Report

Bitcoin (BTC), the flagship cryptocurrency’s correlation with gold has weakened following the COVID-19 outbreak and resulting economic uncertainty. However, the digital asset’s correlation with the S&P 500 stock market index appears to be getting stronger, according to research report from crypto exchange Kraken. Kraken Intelligence,… Read More

Bitcoin Mercantile Exchange (BitMEX) Says COVID-19 Is Accelerating Digital Technology Adoption, Benefiting BigTech while SMEs Struggle

Bitcoin Mercantile Exchange (BitMEX), one of the largest cryptocurrency derivatives exchanges in the world, says that they “no longer think that dated volatility-related bets are an effective way to protect portfolios because they are now too expensive.” THe BitMEX team stated: “We believe that inflation… Read More

Institutional and Retail Investors are Looking to Gold and Bitcoin (BTC) as Alternatives to Stocks at Current Valuations: Report

The cryptocurrency market continues to recover from its mid-March 2020 lows and at the end of last month, Bitcoin (BTC) was up 22% for the year. As reported by Blockchain.com, a block explorer and crypto wallet service provider, Bitcoin has outperformed other major assets that… Read More

Financial Data Following COVID-19 Outbreak Shows Bitcoin Is Performing as a “Risk Asset”: Report

The San Francisco Open Exchange (SFOX), an organization that aims to help traders and funds invest in digital assets at “the best price,” notes that its multi-factor market index, which was neutral a month back, has now been updated to “mildly bearish” as of April… Read More

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