Bitcoin (BTC) has the highest correlation with small-cap tech stocks, particularly in the Russell 2000 technology sector, according to a JPMorgan report. JPMorgan: Bitcoin Shows Strongest Correlation With Russell 2000 Tech Sector In an analysis led by Nikolaos Panigirtzoglou, JPMorgan analysts found that both Bitcoin and altcoins exhibit a strong correlation with small-cap tech stocks, but Bitcoin’s correlation is consistently higher. “The fact that crypto is more correlated with smaller tech stocks rather than the largest tech stocks makes sense given crypto’s reliance on venture capital (VC) funding and blockchain innovation, which is typically the focus of smaller tech firms rather than industry giants,” the analysts wrote. JPMorgan revisited the crypto-stock correlation following a simultaneous correction in U.S. tech stocks and cryptocurrencies on Monday. The report noted that crypto and stocks have maintained a structurally positive correlation since the pandemic: Retail investors use leverage in both markets. The technology-driven nature of cryptocurrencies and growth stocks. The Russell 2000 Index tracks the smallest 2,000 stocks within the broader Russell 3000 Index, making it a key benchmark for small-cap technology companies. JPMorgan`s research shows that Bitcoin`s correlation with stocks tends to peak during major tech sector shifts. Bitcoin`s price movements have closely followed tech stock trends during high-growth years like 2020 and 2024, and during sell-offs like 2022. “This pattern supports the idea that crypto is fundamentally linked to technology, especially as equity investors reassess the tech sector more prominently,” the report said. With the increasing overlap between crypto and traditional financial markets, analysts believe that Bitcoin`s price trajectory will continue to be heavily influenced by the performance of the tech sector and broader equity market trends. *This is not investment advice. Continue Reading: Bitcoin Report from JPMorgan Analysts: `Russell 2000 Correlation with Tech Sector at Highest Level!`
BitcoinSistemi
You can visit the page to read the article.
Source: BitcoinSistemi
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Cardano and Solana Experience 10% Price Plunge; ADA and SOL Investors Turn to Remittix for Stability
Two top crypto coins, Cardano (ADA) and Solana (SOL), have lately experienced notable price drops that have left investors wondering about their next actions. Market swings have left traders on edge as the Solana price fell notably in just a week and the Cardano price declined as well. Despite these challenges, both altcoins demonstrate resilience, buoyed by a supportive community and technical indicators hinting at potential recoveries. Meanwhile, Remittix (RTX) , a newcomer in the crypto world, is gaining attention with its innovative solutions for international payments and impressive growth potential. Continue reading to discover the latest price movements of Cardano and Solana and why investors are considering Remittix as a safe haven. Cardano (ADA) Maintains Strength Through Market Turbulence Over the past week, Cardano`s price decreased by over 8%, experiencing some notable fluctuations. Initially moving between $1.03 and $0.95, a bearish breakout brought the price down to $0.88. However, bullish momentum soon returned, pushing the price back above $0.95. Overall, Cardano has had a positive month, with the altcoin rising by 8%, solidifying its position as one of the altcoins to watch. Fueled by a bullish community outlook, experts remain optimistic about the possibility of retesting its ATH within the year, even as it sits 68% below its all-time high (ATH) of $3.10. Adding to the positive sentiment, Cardano`s price chart reveals buying signals across several key technical indicators , such as the MACD, Momentum Oscillator, and Moving Averages, suggesting increasing bullish momentum. Although the CCI currently shows a sell signal, this indicates potential for short-term pullbacks. Solana (SOL) Investors Expect a Significant Surge Solana`s price dropped by just over 13% in the past week, displaying notable volatility. After stabilizing between $273 and $236, the Solana price chart experienced a bearish breakout, pushing the altcoin down to the $223 support level. Nonetheless, bullish momentum soon reemerged, elevating the price back above the $235 threshold. Solana remains one of the top altcoins to hold; on a monthly scale, it has posted an impressive 21% growth. Although Solana`s all-time high (ATH) of $294 is 19% away, experts are optimistic about the altcoin`s long-term potential, with some forecasting a potential rise to the $500 level this year. Technical indicators like the MACD and Moving Averages suggest buy opportunities on Solana`s price chart, indicating a continued upward trend and boosting investor confidence. While the Momentum Oscillator currently signals a sell, this divergence might allow for short-term corrections that savvy investors could exploit. Remittix (RTX) Revolutionizes International Payments Remittix offers seamless crypto transfers directly to bank accounts worldwide, revolutionizing cross-border payments. By eliminating traditional intermediaries like correspondent banks and clearinghouses, Remittix significantly reduces transaction times and costs, addressing inefficiencies in the current financial system. With strong encryption ensuring top-tier security and privacy, its transparent pricing model protects users from hidden fees. Remittix also connects millions of underbanked and unbanked individuals to the global financial network, promoting financial inclusion. Supporting over 100 cryptocurrencies, with automatic foreign exchange conversion and zero FX fees, Remittix enables fast, affordable, and anonymous crypto-to-fiat transactions. Priced at just $0.0479 during its presale, the RTX coin is drawing significant investor interest, as analysts predict a 100x growth potential by 2025. Within the blockchain ecosystem, Remittix stands out with its flat 1% transfer rate, user-friendly interface, and innovative ideas. Furthermore, Remittix presents a unique opportunity to capitalize on the growing demand for quick, low-cost financial solutions globally. Remittix Is Set To Surpass Cardano and Solana Despite recent market fluctuations, Cardano and Solana`s potential for future rallies keeps them in investors` portfolios. However, savvy investors are diversifying by exploring innovative opportunities like Remittix. More than just a payment system, with its novel approach to crypto-to-fiat transactions, zero FX fees, and unmatched efficiency, Remittix is a gateway to the future of financial inclusion. Priced at just $0.0479 during the presale, amid expectations of exponential growth by 2025, RTX is one of the top cryptos to consider investing in now. With a limited total token supply, the Remittix presale is rapidly selling out as investors hurry to acquire the RTX token. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community BitcoinSistemi
Crypto Hacks Total $74M in January and CeFi Accounts for 93% of Losses
Cryptocurrency hacks have led to $74 million in losses in January, with centralized finance (CeFi) platforms bearing the majority of the impact. This marks a 45% drop from the $133 million recorded in the same month last year, according to a Jan. 30 report by cybersecurity platform Immunefi. Despite the decline, security threats remain, with hacks accounting for all reported losses. The largest incident involved crypto exchange Phemex, which lost $69.1 million. CeFi, or crypto platforms that custody users’ funds, accounted for 93% of total losses, despite only one successful attack, while 19 incidents across decentralized finance (DeFi) made up the remaining 6.5%. The most targeted chain in Jan. 2025 was the BNB Chain, accounting for 50% of Jan.’s losses on-chain. Ethereum came in second place, with 25% of the total. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io BitcoinSistemi