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


$ 83,691.0
€ 76,369.6
¥ 38,800.0
£ 64,791.3
BTC
0.63 %
$ 1,810.71
€ 1,652.81
¥ 839.52
£ 1,401.83
ETH
0.29 %
$ 218.99
€ 199.80
¥ 101.31
£ 169.56
XMR
0.66 %
$ 84.31
€ 76.89
¥ 39.07
£ 65.25
LTC
0.55 %

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