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Bitcoin's Correlation with the Nasdaq Weakening: An Independent Market in 2024?
Bitcoin's Correlation with the Nasdaq Weakening: An Independent Market in 2024?The synchronicity between Bitcoin and the Nasdaq index has significantly decreased in 2024, a stark contrast to the high correlation observed in previous years. Data shows that both indices moved in tandem on only 52% of trading days...
Blockchain 2024-11-18 22:05:44 -
Bitcoin Decouples from Traditional Markets: Correlation Hits Five-Year Low
Bitcoin Decouples from Traditional Markets: Correlation Hits Five-Year LowIn 2024, Bitcoin's correlation with traditional financial markets continues to decline, increasingly showcasing its characteristics as an independent asset class. Data reveals that the co-movement volatility between Bitcoin and the Nasdaq Composite is only 52% this year, with a 30-day correlation coefficient plummeting to 0...
Blockchain 2024-11-18 19:37:22 -
The Energy Consumption and Carbon Emissions of Cryptocurrency and Artificial Intelligence: A Warning from IMF Deputy Managing Director Gita Gopinath
The Energy Consumption and Carbon Emissions of Cryptocurrency and Artificial Intelligence: A Warning from IMF Deputy Managing Director Gita GopinathCryptocurrencies and artificial intelligence (AI), two leading forces in today's technological landscape, are attracting global attention and significant investment. However, their substantial energy consumption and resulting carbon emissions are increasingly raising concerns...
Blockchain 2024-11-18 18:21:09 -
Bitcoin Price Surges Past $90,000!
Bitcoin Price Surges Past $90,000!Bitcoin's price experienced a significant surge today, reaching a high of $91,000 per coin, representing a 1.27% intraday gain...
Blockchain 2024-11-18 14:40:22 -
Gold's Rollercoaster Ride After Trump's Re-election: Short-Term Pressure, Long-Term Potential Remains
Gold's Rollercoaster Ride After Trump's Re-election: Short-Term Pressure, Long-Term Potential RemainsUS President Donald Trump's re-election has had a profound impact on the global financial market landscape. This month, assets ranging from US equities to Bitcoin saw significant gains following Trump's victory...
Blockchain 2024-11-18 10:52:34 -
Bitcoin's meteoric rise: A $8 Billion surge in two days What are the odds of hitting $100,000?
Bitcoin's meteoric rise: A $8 Billion surge in two days What are the odds of hitting $100,000?Bitcoin's price has recently reached new highs, igniting the global market, fueled by factors such as Trump's election and anticipated Federal Reserve policy adjustments. In just two days, investors raked in nearly $8 billion, a staggering sum...
Blockchain 2024-11-17 19:41:16 -
Bitcoin Price Crashes Below $90,000!
Bitcoin Price Crashes Below $90,000!Bitcoin's price plunged below $90,000 per coin today, experiencing a 0.69% drop...
Blockchain 2024-11-17 10:24:52 -
AI Evolution Hits a "Data Wall"? Tech Giants Face Development Hurdles, Application Track Becomes New Battlefield
AI Evolution Hits a "Data Wall"? Tech Giants Face Development Hurdles, Application Track Becomes New BattlefieldFor a long time, the prevailing belief in the artificial intelligence (AI) field has been that "the larger the data scale, the better." However, recently, news has emerged about large models encountering a "data wall" in their evolution...
Blockchain 2024-11-17 07:55:10 -
AI Evolution Hits a "Data Wall"? Tech Giants Pivot to Applications: A Global Finance Weekly Review
AI Evolution Hits a "Data Wall"? Tech Giants Pivot to Applications: A Global Finance Weekly ReviewFor a long time, the artificial intelligence (AI) field has operated under the belief that "bigger data is better." However, recent industry reports suggest that large model evolution is encountering a "data wall...
Blockchain 2024-11-17 07:52:13 -
Global Capital Markets in Turmoil: Bitcoin Surges While US and European Stocks Plummet
Global Capital Markets in Turmoil: Bitcoin Surges While US and European Stocks PlummetGlobal capital markets have experienced significant volatility recently. On Friday, US and European stock markets experienced a broad-based decline, raising concerns among investors...
Blockchain 2024-11-17 07:03:01 -
Bitcoin Price Soars: Nearly 20% Weekly Gain, Hits All-Time High
Bitcoin Price Soars: Nearly 20% Weekly Gain, Hits All-Time HighBitcoin prices continued their upward trajectory, closing near record highs in New York on Friday, November 15th. The CME Bitcoin futures contract (BTC) settled at $92,260...
Blockchain 2024-11-17 06:59:42 -
"Bitcoin Bank" MicroStrategy: Crazy Hoarding, Stock Soaring 26 Times, But Core Business Remains Loss-Making
"Bitcoin Bank" MicroStrategy: Crazy Hoarding, Stock Soaring 26 Times, But Core Business Remains Loss-MakingLeveraging its "hoarding Bitcoin" strategy, publicly listed company MicroStrategy (MSTR.US, hereinafter referred to as "MSTR") has seen its stock price surge, outpacing even the growth of tech giant Nvidia...
Blockchain 2024-11-15 22:25:42
