The Roundhill Sports Betting & iGaming ETF (BETZ) has exhibited a strong positive correlation with bitcoin, with a 365-day correlation coefficient of 0.91. Notably, BETZ tends to peak and bottom weeks before bitcoin, suggesting it may act as an early indicator for bitcoin market turns. This pattern, observed since 2020, supports the view of bitcoin as a risk-sensitive macro asset rather than a safe haven. Traders may consider BETZ a complementary sentiment and liquidity proxy, though recent decoupling from bitcoin prices signals caution in relying on this relationship alone.
Bitcoin has faced pressure in 2026 with a 27% decline, but Bernstein analysts see this as a shift toward a more institution-driven market rather than a sign of trouble. Retail investors are moving toward AI stocks, causing capital inflows into Bitcoi...
Bitcoin is trading near $63,000, about 50% below its all-time high, with investors watching the Bitcoin Electrical Cost metric, currently around $48,694. This metric, which measures the average electricity cost for miners to produce one BTC, has hist...
Bitcoin recovered strongly to surpass $64,000 after falling below $60,000 during a sharp sell-off triggered by rising Iran-Israel tensions. This rebound helped the overall crypto market cap reach $2.26 trillion despite ongoing geopolitical risks. The...
Bitcoin has rebounded to around $63,000 following a relief rally after hitting oversold levels, with Ethereum, XRP, and Dogecoin also rising by about 3%. Despite this bounce, analysts warn the recovery may be shallow, as Bitcoin faces resistance near...
Michael Saylor's firm reversed its recent Bitcoin sale by purchasing 1,550 BTC for $101 million, increasing its total Bitcoin holdings to 845,256 BTC. This move comes a week after the firm sold 32 BTC, marking its first sale since 2022, signaling a s...
