Tuesday, June 24, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Is Crypto Following Traditional Markets?

by Bilal Jafar
February 27, 2022
in Cryptocurrency
Reading Time: 6 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


The crypto volatility will not be new to long-term traders. The digital foreign money market noticed large corrections previously few years. Be it 2017’s ICO bubble or the pandemic-driven plunge in 2020, the crypto market confronted a number of challenges all through the final decade. Nevertheless, this time, the cryptocurrency market is following the actions of the standard monetary system.

This fall 2021 volumes have gone up or down and the way a lot?

In tandem with S&P 500 and main European fairness markets, digital currencies noticed large ups and downs all through the current week as a result of Russia Ukraine warfare. Regardless of the explanation that the character of crypto belongings is completely different from conventional monetary belongings, geopolitical points impacted the worldwide markets equally. Finance Magnates sat down with outstanding voices within the digital asset area and requested them in regards to the rising correlation between crypto and conventional markets.

“The present geopolitical pressure between Russia and Ukraine has escalated even additional. Though the battle was anticipated to escalate and it was only a matter of time, the market is assumably unprepared for the continued scenario, stirring a droop within the costs of Bitcoin and altcoins,” Daniele Casamassima, Chief Government Officer at Pure Fintech, stated.

“This uncertainty within the crypto market is additional hindered by the truth that there’s now an in depth correlation between monetary markets and international crypto markets. The digital currencies, though badly affected in the mean time, in the long term, might grow to be the one possible choice for these folks which are probably the most affected by new financial sanctions. Subsequently, the bear market might flip right into a bull market,” Casamassima defined.

Associated content material

Crypto’s Dependency on Conventional Markets

Kevin Mudd, Chief Government Officer at D-CORE, believes that with the rising adoption of digital belongings within the international monetary ecosystem, the dependency of cryptocurrencies on conventional markets has elevated.

“As unlucky because it might sound for a foreign money that guarantees to be a hedge in opposition to the standard system, Bitcoin continues to be closely correlated to conventional markets. This correlation may solely improve with monetary establishments adopting it, which is why we should not be shocked to see its worth dropping at a time of nice financial uncertainty. Finally, Bitcoin continues to be a extremely speculative instrument in 2022, which could not change any time quickly. There are various vital use circumstances and developments in blockchain know-how and cryptocurrency, however these options nonetheless at the moment depend on constructive macroeconomic tendencies,” Mudd stated.

Value Motion

In keeping with Farah Mourad, the Senior Market Analyst at XTB MENA, the robust correlation between Bitcoin and different threat belongings is placing extra stress on digital foreign money.

“On a wider scale, and given the robust correlation between bitcoin and different high-risk belongings comparable to progress shares, particularly since December – the place we noticed each belongings in a synchronized downward pattern – we would witness further stress on bitcoin’s upward actions, particularly with a first-rate hike looming within the horizon and the uncertainty of the geopolitical pressure. However, the worry and greed index, an indicator of dealer sentiment throughout the cryptocurrency market in the direction of Bitcoin, is signaling “Excessive Concern” amongst market contributors,” Farah stated.

“Traditionally, extreme worry has resulted in Bitcoin buying and selling properly under its intrinsic worth, nevertheless, we will not rule out additional correction with the inventory market on account of ongoing geopolitical tensions, however it may assist the costs on the mid-term. And whereas the tensions are rising, the Bitcoin community has hit one more all-time excessive in mining problem after a gentle climb since final July’s lows. Leaping to 27.97 trillion hashes (T). That is now the second time in three weeks that Bitcoin (BTC) has hit a brand new ATH when it comes to problem which is often supportive for costs,” she added.

Potential Influence

“Nicely, Russia will likely be out of SWIFT protocol so cryptos may very well be a secure harbor to supply liquidity in case of worldwide sanctions. Moreover, Ukrainians, as a result of blocking scenario, will search for options to guard their financial savings or sending cash overseas,” Joaquim Matinero Tor, Blockchain Affiliate at Roca Junyent, stated.

The crypto volatility will not be new to long-term traders. The digital foreign money market noticed large corrections previously few years. Be it 2017’s ICO bubble or the pandemic-driven plunge in 2020, the crypto market confronted a number of challenges all through the final decade. Nevertheless, this time, the cryptocurrency market is following the actions of the standard monetary system.

In tandem with S&P 500 and main European fairness markets, digital currencies noticed large ups and downs all through the current week as a result of Russia Ukraine warfare. Regardless of the explanation that the character of crypto belongings is completely different from conventional monetary belongings, geopolitical points impacted the worldwide markets equally. Finance Magnates sat down with outstanding voices within the digital asset area and requested them in regards to the rising correlation between crypto and conventional markets.

This fall 2021 volumes have gone up or down and the way a lot?

“The present geopolitical pressure between Russia and Ukraine has escalated even additional. Though the battle was anticipated to escalate and it was only a matter of time, the market is assumably unprepared for the continued scenario, stirring a droop within the costs of Bitcoin and altcoins,” Daniele Casamassima, Chief Government Officer at Pure Fintech, stated.

“This uncertainty within the crypto market is additional hindered by the truth that there’s now an in depth correlation between monetary markets and international crypto markets. The digital currencies, though badly affected in the mean time, in the long term, might grow to be the one possible choice for these folks which are probably the most affected by new financial sanctions. Subsequently, the bear market might flip right into a bull market,” Casamassima defined.

Associated content material

Crypto’s Dependency on Conventional Markets

Kevin Mudd, Chief Government Officer at D-CORE, believes that with the rising adoption of digital belongings within the international monetary ecosystem, the dependency of cryptocurrencies on conventional markets has elevated.

“As unlucky because it might sound for a foreign money that guarantees to be a hedge in opposition to the standard system, Bitcoin continues to be closely correlated to conventional markets. This correlation may solely improve with monetary establishments adopting it, which is why we should not be shocked to see its worth dropping at a time of nice financial uncertainty. Finally, Bitcoin continues to be a extremely speculative instrument in 2022, which could not change any time quickly. There are various vital use circumstances and developments in blockchain know-how and cryptocurrency, however these options nonetheless at the moment depend on constructive macroeconomic tendencies,” Mudd stated.

Value Motion

In keeping with Farah Mourad, the Senior Market Analyst at XTB MENA, the robust correlation between Bitcoin and different threat belongings is placing extra stress on digital foreign money.

“On a wider scale, and given the robust correlation between bitcoin and different high-risk belongings comparable to progress shares, particularly since December – the place we noticed each belongings in a synchronized downward pattern – we would witness further stress on bitcoin’s upward actions, particularly with a first-rate hike looming within the horizon and the uncertainty of the geopolitical pressure. However, the worry and greed index, an indicator of dealer sentiment throughout the cryptocurrency market in the direction of Bitcoin, is signaling “Excessive Concern” amongst market contributors,” Farah stated.

“Traditionally, extreme worry has resulted in Bitcoin buying and selling properly under its intrinsic worth, nevertheless, we will not rule out additional correction with the inventory market on account of ongoing geopolitical tensions, however it may assist the costs on the mid-term. And whereas the tensions are rising, the Bitcoin community has hit one more all-time excessive in mining problem after a gentle climb since final July’s lows. Leaping to 27.97 trillion hashes (T). That is now the second time in three weeks that Bitcoin (BTC) has hit a brand new ATH when it comes to problem which is often supportive for costs,” she added.

Potential Influence

“Nicely, Russia will likely be out of SWIFT protocol so cryptos may very well be a secure harbor to supply liquidity in case of worldwide sanctions. Moreover, Ukrainians, as a result of blocking scenario, will search for options to guard their financial savings or sending cash overseas,” Joaquim Matinero Tor, Blockchain Affiliate at Roca Junyent, stated.



Source link

Tags: CryptoMarketsTraditional
Previous Post

Russia blocks Twitter as Ukraine invasion escalates

Next Post

Buying Tech Stocks in Times of Market Volatility

Related Posts

Dark market activity on Telegram persists despite B Huione ban – Elliptic

Dark market activity on Telegram persists despite $27B Huione ban – Elliptic

by Gino Matos
June 23, 2025
0

Telegram-based darkish markets quickly stuffed the hole left by Huione Assure after the $27 billion market disappeared on Could 13,...

Singapore’s New Rules Threaten Crypto Founders With Jail and 0K Fines

Singapore’s New Rules Threaten Crypto Founders With Jail and $200K Fines

by Jared Kirui
June 23, 2025
0

The Way forward for Crypto, Classes from Africa | FMAS:25 The Way forward for Crypto, Classes from Africa | FMAS:25...

Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season

Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season

by Scott Matherson
June 23, 2025
0

Purpose to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by business specialists and meticulously reviewed...

Volatility Returns:  Billion in Liquidations as Bitcoin Tests 0,000 Floor

Volatility Returns: $1 Billion in Liquidations as Bitcoin Tests $100,000 Floor

by Emmanuel Musa
June 23, 2025
0

Bitcoin briefly fell under $100,000 amid rising geopolitical tensions however rapidly rebounded. Regardless of over $1 billion in liquidations, markets...

Veda Raises M to Expand Crosschain Yield Vault Platform in DeFi

Veda Raises $18M to Expand Crosschain Yield Vault Platform in DeFi

by Cointelegraph By Sam Bourgi
June 23, 2025
0

Decentralized finance protocol Veda has raised $18 million to speed up the adoption of its vault platform, which permits asset...

Hackers exploit Trezor’s website and impersonate customer support

Hackers exploit Trezor’s website and impersonate customer support

by Editorial Team
June 23, 2025
0

Key Takeaways Hackers exploited Trezor's web site contact type to ship phishing emails impersonating buyer help. Trezor urges customers to...

Next Post
Buying Tech Stocks in Times of Market Volatility

Buying Tech Stocks in Times of Market Volatility

Berkshire Hathaway BRK earnings Q4 2021

Berkshire Hathaway BRK earnings Q4 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Dark market activity on Telegram persists despite B Huione ban – Elliptic

Dark market activity on Telegram persists despite $27B Huione ban – Elliptic

June 23, 2025
Iran and Israel have agreed to ceasefire – Trump — RT World News

Iran and Israel have agreed to ceasefire – Trump — RT World News

June 23, 2025
Singapore’s New Rules Threaten Crypto Founders With Jail and 0K Fines

Singapore’s New Rules Threaten Crypto Founders With Jail and $200K Fines

June 23, 2025
Salesforce launches Agentforce 3 with an observability tool called Command Center and MCP support, and says 8,000 customers have signed up to deploy Agentforce (Larry Dignan/Constellation Research)

Salesforce launches Agentforce 3 with an observability tool called Command Center and MCP support, and says 8,000 customers have signed up to deploy Agentforce (Larry Dignan/Constellation Research)

June 23, 2025
NIA Reports Gathering Substantial Evidence On Terrorists’ Identities

NIA Reports Gathering Substantial Evidence On Terrorists’ Identities

June 23, 2025
Zohran Mamdani ahead of Andrew Cuomo in key pre‑primary poll ahead of NYC mayoral race, Vivek Ramaswamy reacts

Zohran Mamdani ahead of Andrew Cuomo in key pre‑primary poll ahead of NYC mayoral race, Vivek Ramaswamy reacts

June 23, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Dark market activity on Telegram persists despite $27B Huione ban – Elliptic

Iran and Israel have agreed to ceasefire – Trump — RT World News

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In