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About SPX

SPX6900 is an advanced blockchain cryptography token coin capable of limitless possibilities and scientific utilization.

SPX6900 (SPX) is a cryptocurrency launched in 2023. SPX has a current supply of 930.99M with 930.99M in circulation. The last known price of SPX is 0.566583065998 USD and is -0.046073455663 over the last 24 hours. It is currently trading on active market(s) with $24.89M traded over the last 24 hours. More information can be found at https://www.spx6900.com.

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SPX Price Statistics
SPX’s Price Today
24h Price Change
-$0.0460734556637.52%
24h Volume
$24.89M7.66%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.047183056732
Market Dominance
0.00%
Market Rank
#207
SPX Market Cap
Market Cap
$527.48M
Fully Diluted Market Cap
$566.58M
SPX Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SPX Supply
Circulating Supply
930.99M
Total Supply
930.99M
Max Supply
1.00Bn
Updated Dec 04, 2024 1:18 am
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SPX
SPX6900
$0.566583065998
$0.046073455663(-7.52%)
Mkt Cap $527.48M
There's nothing here for now
Bitcoin's Bull Run Linked to Positive Outlook for Tech Stocks
Bitcoin's Bull Run Linked to Positive Outlook for Tech Stocks
According to CoinDesk, Bitcoin continues to move in line with the ratio between the Nasdaq 100 Index and the S&P 500 Index. The persistent positive relationship suggests that the inflow of money into cryptocurrencies, an emerging technology, is linked to a positive outlook for technology stocks relative to the broader equity market. This bitcoin bull run stands out in several ways. For one, the crypto community has been focused on market flows rather than narratives about how decentralized finance or Web3 will revolutionize traditional finance. Another factor that makes this rally stand out is that prices have surged despite signs of strength in the U.S. dollar and Treasury yields, as opposed to 2020-21, when both were weakening. As in previous bull runs, the latest surge is accompanied by optimism directed toward technology stocks on Wall Street, characterized by a gain in the ratio between the tech-heavy Nasdaq 100 Index and the broader S&P 500, the NDX-SPX ratio. Since early 2017, bitcoin and the ratio have moved in lockstep through rallies and declines, with the ratio hitting record highs a couple of weeks before the cryptocurrency. Bitcoin's move this week to record highs above $69,000 comes after the NDX-SPX ratio set a new lifetime high of 3.6 in late January. The pattern is similar to the one seen in 2020-21. The positive correlation, clearly visible on the chart below, suggests that the inflow of money into cryptocurrencies, an emerging technology, is at least partly contingent on, or at least reflects, optimism regarding the outlook for technology stocks relative to the broader equities market. According to charting platform TradingView, the 52-week correlation coefficient between bitcoin and the NDX-SPX ratio stood above 0.60 at press time. The correlation has been mostly positive since early 2017. A positive correlation indicates that both variables are moving in the same direction. That means traders looking for signs of bitcoin's path forward might want to keep a close eye on the NDX-SPX ratio. Relative weakness in technology stocks might weigh on bitcoin and the wider cryptocurrency market. The consensus in the crypto market is that bitcoin's impending halving-induced supply reduction and the increased demand from spot exchange-traded funds (ETFs) will put the cryptocurrency on a path to $150,000 and higher.
Mar 07, 2024 5:51 pm

Frequently Asked Questions

  • What is the all-time high price of SPX6900 (SPX)?

    The all-time high of SPX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SPX6900 (SPX) is 0. The current price of SPX is down 0% from its all-time high.

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  • How much SPX6900 (SPX) is there in circulation?

    As of , there is currently 930.99M SPX in circulation. SPX has a maximum supply of 1.00Bn.

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  • What is the market cap of SPX6900 (SPX)?

    The current market cap of SPX is 527.48M. It is calculated by multiplying the current supply of SPX by its real-time market price of 0.566583065998.

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  • What is the all-time low price of SPX6900 (SPX)?

    The all-time low of SPX was 0 , from which the coin is now up 0%. The all-time low price of SPX6900 (SPX) is 0. The current price of SPX is up 0% from its all-time low.

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  • Is SPX6900 (SPX) a good investment?

    SPX6900 (SPX) has a market capitalization of $527.48M and is ranked #207 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze SPX6900 (SPX) price trends and patterns to find the best time to purchase SPX.

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