Finally land in sight? After the brutal sell-offs of May and June, the crypto market is mostly in a sideways range and in early October it is only just above June’s yearly low.
The weak performance for the summer months is not surprising, but now towards the end of the year, the rally should still come, right? BTC-ECHO market experts Stefan Lübeck and Peter Büscher took a close look at what the much-cited year-end rally is all about and whether this rally can be transferred from conventional indices to the crypto market.
Why is bitcoin correlated with gold?
For a long time, the well-known gold and the digital gold, Bitcoin, showed hardly any correlation, sometimes even an anti-correlation. But since April of this year, the correlation has been climbing steadily and is currently at a 12-month high of just over 0.3. In today’s episode of the BTC-ECHO Invest podcast you can find out what this has to do with the turbulence on the currency market and the near bankruptcy of British bond funds.
Last but not least, we give you an outlook on the most relevant chart marks for Bitcoin and Ethereum.