Bitcoin Vs S P 500 Chart 2020

Bitcoin trades like the s p 500 and is testing resistance may 4 2020 if you pay attention to the trends taking place on the weekly bitcoin chart you ll notice that it has reacted to the global market covid 19 trends almost exclusively since the beginning of 2020.

Bitcoin vs s p 500 chart 2020. Bitcoin s price reached 7 183 by the close of 31 december 2019 and bitcoin was trading at 6 423 by the end of q1 2020 i e. Bitcoin correlates with s p 500 analyst believes that btc market value is 18 000 jun 18 2020 18 58 utc by chuks chukwuka 3 min read photo. A glance at the s p 500 chart shows that the downward moves have been much stronger relative to their upward moves and have lasted a lot longer. The first decrease took one day and 19 hours causing the price to drop by 16.

Chris vermeulen if you pay attention to the trends taking place on the weekly. The top cryptocurrency by market cap is currently trading at 8 070 on bitstamp down 22 percent from the october high of 10 350. It also took a full 24 hours later before the drop began in the stock market versus the crypto market. Bitcoin beats the s p 500 and nasdaq during first half of 2020 data from the first half of 2020 shows that btcusd closed out the first six months with a 27 return on investment.

Bitcoin chart overlay with s p 500. This can be seen in closing data from the first half of 2020 showing how bitcoin and the crypto market vastly outperformed even the most popular stock indices. But since the start of 2020 the crypto market is suddenly trading lock and step with major stock indices and precious metals. A loss of 10 58 against usd which was not great but still twice better than how the s p 500 did during that quarter.

Bitcoin price trades like the s p 500 and is testing resistance currencies bitcoin may 07 2020 03 48 pm gmt. With the pullback btc has erased nearly 75 percent of the sudden. Bitcoin vs s p 500 daily chart comparison.