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STX and Bitcoin: A 0.86 correlation signals big moves – $4 rally next?

AMBCrypto LogoAMBCrypto1w ago

STX and Bitcoin: A 0.86 correlation signals big moves – $4 rally next? - AMBCrypto

Quick Summary:

Stacks strong correlation with Bitcoin suggested a possible rally.

Concurrently, the Aggregated Premium also saw a substantial spike, indicating that traders were willing to pay a higher premium on futures contracts, expecting future price increases.

This correlation suggested that if Bitcoin continues its upward trend, STX could indeed pursue the $4 target.

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STX and Bitcoin: A 0.86 correlation signals big moves – $4 rally next? - AMBCrypto (Picture 1)STX and Bitcoin: A 0.86 correlation signals big moves – $4 rally next? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Lennox Gitonga

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 22:00:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23576661

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 21 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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The story "STX and Bitcoin: A 0.86 correlation signals big moves – $4 rally next?" was covered 1 weeks ago by AMBCrypto, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 21 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #23576661
  • URL: https://beamstart.com/news/stx-and-bitcoin-a-086-17315379782128

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