After a nice bull run, The Dow Jones Industrial Average has been having a difficult few weeks. Also, cryptocurrency is in correction. Could there be a correlation?

When referring to each investment area, it is important not to use vague terms such as “bull and bear market” This is because cryptocurrency saw gains well above 10x during its incredible 2017 bull run. You would have earned well over $10,000 if you had invested $1,000 in Bitcoin at the start of 2017. This is a remarkable feat for traditional stock investing. The Dow rose 23% in 2017.

Because I know that charts and data can be misleading, I am very careful about reviewing them. As crypto experienced huge gains in 2017, 2018, there has been a quick correction. My point is to say that we must be objective when comparing data.

Many people who are new to cryptocurrency are shocked by the recent crash. They only heard about the early adopters getting rich and purchasing Lambos. For more experienced traders, the market correction was obvious because of the rapid rise in prices over the past two months. Many people have become millionaires overnight by using digital currencies. They knew they would eventually want some of the profit.

We should also consider the recent addition to Bitcoin futures trading. Personally, I believe there are powerful forces behind this new addition to Bitcoin futures trading. They are led by an old guard who want crypto to fail. Futures trading and the excitement surrounding crypto ETFs are positive steps towards crypto becoming mainstream and considered a real investment.

After all of that, I started to wonder if there was a connection.

What if negative news from Wall Street affected crypto exchanges such as Binance and Coinbase? Could this cause them to both fall simultaneously? What if it was the reverse? Would crypto rise if people looked for a safer place to store their money?

To avoid trying to manipulate the numbers and keep the data objective, I waited until there was a fairly neutral playing field. This week is a good example of a time when both markets experienced corrections 바이낸스 차트.

The exchanges are never closed, which is a big difference from the stock market. Over 20 years I have traded stocks and I know the feeling of being bored on Sunday afternoons thinking.

“I wish I could trade one or two positions right now, because I know that the market will open and the price will change dramatically.”

Walmart-like accessibility can lead to emotional reactions that are knee-jerk and can spiral in any direction. People can hit the pause key and rest on their decisions over night with the traditional stock market.

To obtain the equivalent of a week’s worth of trading data, I used the last 7 days of crypto trading data as well as the past 5 for DJIA.

Here’s a comparison of the past week (from 3-3-18 to 3–10-18). Due to 20 companies losing money, the Dow fell 1330 points. This was a drop of 5.21%.

A comparison of apples to apples is difficult for cryptocurrencies because the Dow technically doesn’t exist. As many groups create their own versions of the Dow, this is changing. It is possible to compare the top 30 cryptocurrencies by market capital. reports that 20 of the top 30 most valuable coins fell in the past 7 days. Do you sound familiar? The entire crypto market fell from $445 billion down to 422 billion. Bitcoin, which is the gold standard, experienced a 6.7% decline during that time period. As Bitcoin goes, so do the altcoins.

Is it coincidence or causation? Were there similar results? Are there similar factors at work?

Although the price fall seems similar, I find it fascinating that the reasons are so different. As I said before, numbers can deceive so it is important to peel back layers.

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