Crypto-Crash Part 2

Crypto-Crash Part 2

On January 17, I wrote a blog titled “Crypto-Crash” (link) where I speculated that the next stop for Bitcoin would be $8,000. On that day Bitcoin touched $9,100 and then bounced back to $12,000. It has since been range bound between $10,000 and $12,000… until today. Minutes ago, Bitcoin broke below the $10,000 support.

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Why is this important? In addition to a strong inverse correlation to gold that I discussed in the earlier blog, Bitcoin appears to have a reasonable correlation to stocks also. In the chart below, I compared Bitcoin to the Dow Jones Industrial Average, the DJA lagged by 45 days. Bitcoin had its melt-up in December and stocks have, until today, had their melt-up in January. Is the speculative peak in Bitcoin something stock investors should take notice of?

ValueWalk’s December 2021 Hedge Fund Newsletter: Hedge Funds Avoid Distressed China Debt

InvestWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring hedge funds avoiding distressed china debt, growth in crypto fund launches, and the adapting venture capital industry. Q3 2021 hedge fund letters, Read More


The $20,000 blow-off top reached on December 17 has now given way to a 50% peak-to-present decline. Does this relationship prove durable and telegraph a 10% decline in stocks? If so, the recent melt-up in stocks may be at risk.

Article by Knowledge Leaders Capital

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