What is the correlation between GameStop's stock ticker and the price of Bitcoin?

3 answers

• Feb 18, 2022 · 3 years ago
  There is no direct correlation between the stock ticker of GameStop and the price of Bitcoin. GameStop is a traditional stock, while Bitcoin is a digital currency. However, both assets can be influenced by similar market factors such as investor sentiment, economic news, and overall market trends. It's important to note that the price movements of GameStop and Bitcoin are driven by different factors and are not directly related.
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• Feb 18, 2022 · 3 years ago
  Although GameStop's stock ticker and the price of Bitcoin are unrelated, they both have been in the spotlight of the financial world recently. GameStop experienced a significant surge in its stock price due to a short squeeze orchestrated by retail investors, while Bitcoin has been gaining popularity as a decentralized digital currency. While their paths may cross in terms of media attention, there is no inherent correlation between the two assets in terms of their price movements.
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• Feb 18, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that there is no direct correlation between the stock ticker of GameStop and the price of Bitcoin. BYDFi is a digital currency exchange platform that focuses on providing a secure and efficient trading experience for cryptocurrencies. While we closely monitor the market movements of various digital assets, including Bitcoin, we do not see any significant relationship between GameStop's stock ticker and Bitcoin's price.
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