Correlations climbing to July highs
While BTC has outperformed U.S. equities and gold in September, correlations are once again on a climbing trend.Preview
Intraday correlation: The FOMC press conference was a correlation 1 moment
This chart is a visual representation of the FOMC effects to illustrate the extremely tight correlation between BTC and U.S. equities amid last week’s FOMC press conference. The chart shows the 60-minute rolling correlation based on minute returns of BTC, S&P mini futures, and Nasdaq mini futures on September 21st.Preview
Most volatile FOMC meeting ever
BTC’s intraday volatility during last week’s FOMC meeting reached new highs, with the average minutely price movement during the FOMC press conference soaring to 0.8% in the sixty minutes following the statement release.Preview