Bitcoin price dropped by 60% between February 19 and March 13, while mempool size moved in the opposite direction
Compared to major market indexes and gold, Bitcoin saw the best returns last week, suggesting investors are feeling confident that the asset is a safe haven against volatility
Last week’s market meltdown challenged Bitcoin’s store of value label but new data shows the crypto has earned its ‘digital gold’ label
Key Bitcoin metrics show the network and digital asset are holding up well as equities markets turn bearish and COVID-19 halts economies across the globe
The top 3 currencies show a similar trend where the number of tweets impacts their trading volume, but what about returns?
The correlation between Bitcoin’s hash rate and price action provide useful insight into the upcoming 2020 halving event
Data shows that buying the worst-performing cryptos on a daily basis can provide a better risk-adjusted-performance than just buying the best-performing cryptocurrency.
The number of tweets mentioning XRP impacts trading volume and also returns in 2019 and 2020
Tracking the number of Bitcoin-related tweets can help predict future trading volume
Bitcoin is frequently referred to as digital gold but data shows XRP has a stronger correlation to gold in 2020