Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin’s Wall Street-driven Rally Dissect: From ETF inflow to macro risks

2025-05-23

Unmarshal partners with GPTverse to bring real-time blockchain data to AI-ecosystem

2025-05-23

Delorean launches a car marketplace on the chains with Patrick Stewart

2025-05-23
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Unmarshal partners with GPTverse to bring real-time blockchain data to AI-ecosystem

    2025-05-23

    Eni and Certik Partner to elevate Node Security and Decentralized Trust in Web3 Space

    2025-05-23

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-23

    VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

    2025-05-22

    Not ECDSA. Not schnorr. Meet Dahlias.

    2025-05-22
  • NFT

    Delorean launches a car marketplace on the chains with Patrick Stewart

    2025-05-23

    Beratone NFT Avatars are now live on OpenSea

    2025-05-23

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Dogecoin (doge) gets hot: hints on his head in the event of a large outbreak forward

    2025-05-23

    Crack to launch 24/7 trade for Tokenized US shares via Solana

    2025-05-23

    The world’s largest crypto exchange by trade volume Binance adds support for Trump-linked World Liberty Financial Stablecoin

    2025-05-23

    XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

    2025-05-23

    Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»BTC and ETH may choose an unrelated path as fear grips the stock market. Judge…
Altcoins

BTC and ETH may choose an unrelated path as fear grips the stock market. Judge…

2023-09-25No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • BTC and ETH have managed to hold their ground during the 2020 pandemic
  • BTC traded above the $26,000 mark, but ETH had to provide a solution

The crypto market is notorious for its highly unpredictable nature as it is influenced by various global developments. The latest data shows that the crypto market may witness a new cycle of high volatility as global market conditions deteriorate. This could also impact major cryptocurrencies such as Bitcoin [BTC] And Ethereum [ETH].

Since there is a possibility of the stock market falling, there is also a chance that the crypto world will undergo a major price correction. However, a look at history and other data sets also hinted that the scenario could play out differently this time.


Read Bitcoins [BTC] Price prediction 2023-24


Is the market about to collapse?

WhaleWire, a popular X account (formerly known as Twitter) that posts updates related to the crypto market, highlighted that bankruptcy filings have increased in the United States. Specifically, bankruptcy filings have recently reached levels comparable to the Great Recession of 2008 and the COVID-19 pandemic of 2020.

WARNING: Bankruptcy filings have recently reached levels comparable to the Great Recession of 2008 and the COVID-19 pandemic of 2020.

This indicator often indicates that the economy is not performing well, and has historically always been followed by massive stock market crashes. pic.twitter.com/DHUEm59QUS

— WalvisWire (@WhaleWire) September 24, 2023

This indicator often indicates that the economy is not performing well. Furthermore, this has historically been followed by massive stock market crashes. Since this increases the likelihood of a US stock market crash, many can expect the crypto market to follow a similar trend of decline. However, this time things could be different as the crypto market has somewhat parted ways with the stock market.

See also  XRP may soon rise to $0.74. Here are two reasons why

For reference, looking at the 2020 pandemic, while the stock market took a hit, most cryptocurrencies managed to hold their ground. In fact, the market boomed over the next year, allowing top coins like BTC and ETH to reach all-time highs.

Source: Santiment

Bitcoin and USD are no longer linked

Apart from that, that was evident from another development that took place during the last few delays BTC has severed ties with the US dollar. If reported Previously by AMBCrypto, BTC’s correlation index with the USD reached zero. To begin with, the metric tracks the linear dependence between the prices or values ​​of two particular commodities or assets.

So it means that the performance of the US dollar will have no effect on how the king of crypto performs in the near future or until the index changes again. This further supported the possibility that the crypto market would remain unaffected by a possible US stock market crash.

On the contrary, the crypto market could benefit from such an adverse situation as more new investors could turn to cryptos and resort to abandoning traditional investments for the safety of funds.

Confidence in Bitcoin is high

While we speculate about what lies ahead, let’s take a look at the Bitcoin mining sector. Coinwarz’s data indicated that BTC’s hashrate has been rising comfortably for several years.

This clearly reflected the confidence of a multi-billion dollar industry in Bitcoin. Because BTC is the largest cryptocurrency, confidence in the cryptocurrency is increasing BTC largely means that the world also has confidence in the broader crypto market.

Source: Coinwarz

Moreover, a look at BTC’s statistics also suggested that the near future looks at least bright for the coin. BTC’s foreign exchange reserve fell, meaning the currency was not under selling pressure. From CryptoQuantBTC’s aSORP was green.

See also  This is why Polkadot should break this level to reach $ 7

This meant more investors sold at a loss, and in a bear market this is seen as a bullish update. The same remained true for Bitcoin’s binary CDD, which showed that long-term holders’ moves over the past seven days were lower than the average.

Source: CryptoQuant

Furthermore, BTC’s taker-buy-sell ratio indicated that buying sentiment was dominant in the derivatives market. At the time of writing, BTC was comfortable trade above the $26,000 mark at $26,107.82 with a market cap of over $508 billion.

A look at the state of Ethereum

While BTC’s metrics looked bullish, the state of the king of altcoins did not. From CoinMarketCapETH has fallen by more than 3% in the last 24 hours. At the time of writing, it was trading at $1,577.01 with a market cap of over $189 billion. Like Bitcoin, the crypto market is also influenced by the performance of Ethereum.

Therefore, it is important to also look at the state of ETH to assess what direction the crypto market could take in the coming days. ETHThe Relative Strength Index (RSI) registered a downward trend and was well below the neutral level of 50.

The Moving Average Convergence Divergence (MACD) showed the possibility of a bearish crossover. This could further depress the price of the token. However, the Money Flow Index (MFI) was bullish when it rose in the recent past.

Source: TradingView


Is your portfolio green? Check the Ethereum profit calculator


Considering the aforementioned data sets and developments, the possibility of the crypto market witnessing a massive downtrend in the near future seemed unlikely. However, as Ethereum bears step up their game, it will be interesting to see which way the wind shifts in the coming weeks.

See also  ARB back to $1.5 - Whales can have their say, but it depends on...



Source link

BTC Choose ETH Fear grips Judge market path Stock unrelated
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum climbs back to $ 2,700 – bulls ready for an outbreak?

2025-05-23

JPMorgan, Citi and others Eye Joint Stablecoin in early conversations: report

2025-05-23

Breakout above $ 0.00003 this week?

2025-05-23

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

2025-05-23
Add A Comment

Comments are closed.

Top Posts

Fartcoin has increased by 10.62% for the past 24 hours

2025-05-21

Croatia launches platform for investment in pig NFTs 

2023-09-07

Circle ensures conditional registration in France under DASP rules

2023-12-22
Editors Picks

Ripple Price Prediction: XRP’s Optimistic Outlook for April 2024

2023-10-09

Bitcoin Price Targets New ATH: Will It Make History Again?

2024-10-31

Bitcoin breaks $31,000 as it continues to shake off recent slumps

2023-06-23

The NFT artist Andrea Crespi together with others at the Rebirth Rebuilt 1/100 in Milan

2024-06-17
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s Wall Street-driven Rally Dissect: From ETF inflow to macro risks

Unmarshal partners with GPTverse to bring real-time blockchain data to AI-ecosystem

Delorean launches a car marketplace on the chains with Patrick Stewart

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%