Bitcoin Believers Are Back to Watching Stocks After Crypto Crash

193
13
Favorite

Bitcoin Believers Are Back to Watching Stocks After Crypto Crash

Bloomberg2022-08-08

Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

193

Report

Comment（13）

KYLeong
·2022-08-08
Time for shopping cheap mining stocks?[Thinking]
Reply
2
Report
Sphere
·2022-08-08
It's gonna crash more
Reply
1
Report
Vincent1968
·2022-08-08
Follow
Reply
1
Report
Charging
·2022-08-08
[smile]
Reply
3
Report
Kkn
·2022-08-08
Ok
Reply
3
Report
trojan1337
·2022-08-08
Like
Reply
7
Report
Pepermintpat
·2022-08-08
Ok. If it's a bear market relief rally we should know in the next week or more aftee earnings reporting. Should stay patient and watch and not get caught in a taikspin[Thinking]
Reply
7
Report
a1g2r
·2022-08-08
Good
Reply
4
Report
BlueDragon
·2022-08-08
Ok
Reply
5
Report
Williamw
·2022-08-08
Ok
Reply
4
Report
bostonxsgp
·2022-08-08
ahahhaaha
Reply
4
Report
PCK
·2022-08-08
Ok
Reply
4
Report
WJ77
·2022-08-08
🙏🙏
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1137571531?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-08 07:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1137571531","market":"us","top_or_hot":-1,"title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","media":"Bloomberg","content":"<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","article_id":"1137571531","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","pubTimestamp":1659915156,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"比特币信徒在密码崩溃后重新关注股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCmain":0.9,"MBTmain":0.9,"GBTC":0.9},"content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9905462924,"gmtCreate":1659926041170,"gmtModify":1703476063233,"author":{"id":"3585654473355479","authorId":"3585654473355479","name":"KYLeong","avatar":"https://static.tigerbbs.com/111375adba6b10bddbeeb78b9ead7c80","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585654473355479","authorIdStr":"3585654473355479"},"htmlText":"Time for shopping cheap mining&nbsp;stocks?[Thinking]&nbsp;","listText":"Time for shopping cheap mining&nbsp;stocks?[Thinking]&nbsp;","text":"Time for shopping cheap mining stocks?[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905462924","repostId":1137571531,"repostType":2,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905432363,"gmtCreate":1659923291054,"gmtModify":1703476012958,"author":{"id":"3573432013960035","authorId":"3573432013960035","name":"Sphere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":0,"idStr":"3573432013960035","authorIdStr":"3573432013960035"},"htmlText":"It's gonna crash more","listText":"It's gonna crash more","text":"It's gonna crash more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905432363","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905433472,"gmtCreate":1659922933698,"gmtModify":1703476007228,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586393315819735","authorIdStr":"3586393315819735"},"htmlText":"Follow&nbsp;","listText":"Follow&nbsp;","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905433472","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905491985,"gmtCreate":1659922107949,"gmtModify":1703475990928,"author":{"id":"3574924744683779","authorId":"3574924744683779","name":"Charging","avatar":"https://static.tigerbbs.com/bb132b01616074824a4d1a4b8478727e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574924744683779","authorIdStr":"3574924744683779"},"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905491985","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905547098,"gmtCreate":1659920595717,"gmtModify":1703475950295,"author":{"id":"3558350825461352","authorId":"3558350825461352","name":"Kkn","avatar":"https://community-static.tradeup.com/news/9e1693e69f93e0106f07426155df33ae","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3558350825461352","authorIdStr":"3558350825461352"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905547098","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905559024,"gmtCreate":1659919068971,"gmtModify":1703475919875,"author":{"id":"3574916293171379","authorId":"3574916293171379","name":"trojan1337","avatar":"https://static.tigerbbs.com/943a776c7741ee5cc4d67b3592fbb000","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":6,"crmLevelSwitch":1,"idStr":"3574916293171379","authorIdStr":"3574916293171379"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905559024","repostId":1137571531,"repostType":2,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905567166,"gmtCreate":1659918345357,"gmtModify":1703475900286,"author":{"id":"4109504542406510","authorId":"4109504542406510","name":"Pepermintpat","avatar":"https://community-static.tradeup.com/news/0804feddbf156f8e808003b7ca831628","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":3,"crmLevelSwitch":1,"idStr":"4109504542406510","authorIdStr":"4109504542406510"},"htmlText":"Ok. If it's a bear market relief rally we should know in the next week or more aftee earnings reporting. Should stay patient and watch and not get caught in a taikspin[Thinking]&nbsp;","listText":"Ok. If it's a bear market relief rally we should know in the next week or more aftee earnings reporting. Should stay patient and watch and not get caught in a taikspin[Thinking]&nbsp;","text":"Ok. If it's a bear market relief rally we should know in the next week or more aftee earnings reporting. Should stay patient and watch and not get caught in a taikspin[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905567166","repostId":1137571531,"repostType":2,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905560590,"gmtCreate":1659917970813,"gmtModify":1703475885551,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4100826296170720","authorIdStr":"4100826296170720"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905560590","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905511742,"gmtCreate":1659916950188,"gmtModify":1703475856751,"author":{"id":"4087932884013320","authorId":"4087932884013320","name":"BlueDragon","avatar":"https://static.tigerbbs.com/431c326e19a16844e147d10866565f27","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4087932884013320","authorIdStr":"4087932884013320"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905511742","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905510311,"gmtCreate":1659916711435,"gmtModify":1703475850394,"author":{"id":"3572240910775763","authorId":"3572240910775763","name":"Williamw","avatar":"https://static.tigerbbs.com/ecafced5a6c16b176940098e09cf69b6","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3572240910775763","authorIdStr":"3572240910775763"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905510311","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905536868,"gmtCreate":1659916380357,"gmtModify":1703475842164,"author":{"id":"3584157491931754","authorId":"3584157491931754","name":"bostonxsgp","avatar":"https://static.tigerbbs.com/55d82efabeabddb18cc2d6ca7a71a36f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584157491931754","authorIdStr":"3584157491931754"},"htmlText":"ahahhaaha","listText":"ahahhaaha","text":"ahahhaaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905536868","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905594920,"gmtCreate":1659915998063,"gmtModify":1703475829489,"author":{"id":"3568080589577956","authorId":"3568080589577956","name":"PCK","avatar":"https://static.tigerbbs.com/31fca8dc8270fe22c49e0f5ad8bfdc4c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3568080589577956","authorIdStr":"3568080589577956"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905594920","repostId":1137571531,"repostType":4,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9905595829,"gmtCreate":1659915982763,"gmtModify":1703475828258,"author":{"id":"3573616695330925","authorId":"3573616695330925","name":"WJ77","avatar":"https://static.tigerbbs.com/56bf6bd5b462948ac1028ecaabdba952","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3573616695330925","authorIdStr":"3573616695330925"},"htmlText":"🙏🙏","listText":"🙏🙏","text":"🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905595829","repostId":1137571531,"repostType":2,"repost":{"id":"1137571531","kind":"news","pubTimestamp":1659915156,"share":"https://ttm.financial/m/news/1137571531?lang=&edition=fundamental","pubTime":"2022-08-08 07:32","market":"fut","language":"en","title":"Bitcoin Believers Are Back to Watching Stocks After Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1137571531","media":"Bloomberg","summary":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market boun","content":"<html><head></head><body><ul><li>Equities now hold the key for risk assets, BI’s McGlone says</li><li>Is it a relief rally or bear-market bounce, asks Glassnode</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f355de7b75ac1ea7fadf7c47e1b12e9d\" tg-width=\"1000\" tg-height=\"658\" width=\"100%\" height=\"auto\"/><span>A cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/Bloomberg</span></p><p>After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.</p><p>Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&amp;P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.</p><p>Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”</p><p><img src=\"https://static.tigerbbs.com/685b8fdc4bf64e961d1bd412eece19a9\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.</p><p>But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.</p><p>Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.</p><p>“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”</p><p>July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.</p><p>To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.</p><p>“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Believers Are Back to Watching Stocks After Crypto Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Believers Are Back to Watching Stocks After Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-07/bitcoin-believers-are-back-to-watching-stocks-after-crypto-crash?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137571531","content_text":"Equities now hold the key for risk assets, BI’s McGlone saysIs it a relief rally or bear-market bounce, asks GlassnodeA cryptocurrency exchange kiosk in Istanbul.Photographer: Erhan Demirtas/BloombergAfter a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.Stocks are mostly up over the last few weeks and so is Bitcoin, which has added 15% over the past month. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.Cryptocurrencies are poised for outperformance “if equities have bottomed,” said Mike McGlone, an analyst at Bloomberg Intelligence. “There are few more powerful forces in markets than when the stock market drops at high velocity as in the first half. Cryptos are part of that ebbing tide.”That’s been the refrain all year, with both stocks and crypto moving in similar fashion. The background is a hawkish Federal Reserve that’s bent on tamping down four-decade-high inflation, something that’s been the source of volatility for all manner of assets in 2022.But whether equities and crypto have reached their lows is a question no one can call with any real certainty -- bottoms are only perceptible after the fact, and it’s possible both revisit their lows later this year or even early next year.Bitcoin active addresses are firmly within “a well-defined downtrend channel,” according to analysts at Glassnode, a crypto researcher. They added that network activity “suggests that there remains little influx of new demand as yet.” But at the same time, transactional demand has traded sideways or lower in recent weeks, suggesting that “only the stable base of higher conviction traders and investors remain.” And on-chain transaction fees are in bear-market territory -- seeing an uptick there could be a signal of recovery, once it happens.“The 2022 bear market has been historically negative for the digital asset space,” the analysts wrote in a note. “However, after such a sustained period of risk-off sentiment, attention turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.”July was a great period for Bitcoin, Ether and others. Bitcoin rose 27% for the month, the most since October, while the No. 2 token added 70% in its best monthly performance since January 2021. Also during the month, total volumes of the Tether stablecoin for Bitcoin and Ether rose, according to CryptoCompare, suggesting investors were looking at them as safer places within the crypto universe.To be sure, though crypto has rallied in recent weeks, it’s still well off its highs reached toward the end of last year. Bitcoin has been hovering around $23,000, down from nearly $69,000 in November. And not even eye-catching developments, including Coinbase’s new partnership with BlackRock, have been able to shake the coin from its stupor and catapult it higher.“Crypto has more volatility so therein is riskier, and it would make sense that investors need to rebuild confidence after the downdraft they’ve suffered through,” said Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. Still, she added that crypto investors are taking cues from equities, but that the relationship works both ways. “It seems reasonable because both are risk assets.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":193,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}