Bitcoin price more correlated to FTX developments than macro events: Research


$ 83,683.7
€ 76,726.2
¥ 38,800.0
£ 64,050.5
BTC
-0.51 %
$ 1,839.54
€ 1,686.64
¥ 853.07
£ 1,407.52
ETH
-0.89 %
$ 217.17
€ 199.08
¥ 100.88
£ 166.26
XMR
0.20 %
$ 84.15
€ 77.16
¥ 39.03
£ 64.44
LTC
3.15 %

While inflation has an effect on the price of Bitcoin, researchers were bewildered by bitcoins resilience to other macroeconomic factors.