It is common to compare Bitcoin price with Gold price and do you think it also relates to other factors?
Mytradinginfo shows real-time charts that compare Bitcoin price with Gold, Nasdaq index.
Chart trends can be one of the tools to analyse Bitcoin price and plan your trading strategies.
www.mytradinginfo.comNope,Bitcoin has nothing to do with stocks indexes like Nasdaq.
The only thing in common is that both the Bitcoin price and stocks prices are pumped by the Federal Reserve System.Bitcoin reacts differently to increased demand,due to it's scarcity.Some stocks are more scarce than others,so their prices react differently to an increase in demand.Indexes like Nasdaq are showing aggregated prices of a bunch of stocks,so comparing them with Bitcoin is wrong.
By the way,I don't trust this website,so I'm not going to visit and see the design and content.