# Commentary: Paul Ebeling on Wall Street and Beyond

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Last modified: 2022-02-07

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By Paul Ebeling · 2022-02-07
Tags: Shayne Heffernan on Investments, Stocks, SP500, Bulls, bears, Paul Ebeling, Bitcoin, Crypto, Education, ether, cryptocurrencies, Bitcoin, Ethereum, MCAD, Knightsbridge Insights, DeFi, WallStreet, PaulEbeling, Non-Fungible Token, Knightsbridge
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#PaulEbeling](https://www.livetradingnews.com/tag/paulebeling) [#WallStreet](https://www.livetradingnews.com/tag/wallstreet) [#SP500](https://www.livetradingnews.com/tag/sp500) #bitcoin #ether [#Bulls](https://www.livetradingnews.com/tag/bulls) [#bears](https://www.livetradingnews.com/tag/bears) [#cryptocurrencies](https://www.livetradingnews.com/tag/cryptocurrencies) #DeFi #NFTS

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*“US stock benchmark indexes reversed Friday and continued through Monday as bears turned into Bulls in stocks and Bitcoin and so now* s*ome of the best future investment alternatives and ideas about finance do not come from Wall Street anymore*"--Paul Ebeling

S&P 500 moves back into Green as Investors hedging this much often precedes US stock gains

DJIA +1.39 at 35091.13, NAS Comp -82.34 to 14015.66, S&P 500 -16.66 to 4483.87

Monday, the S&P 500 declined 0.4% slippage in the last 45 mins of action, which erased a 0.5% gainer for the benchmark index. The NAS Comp fell 0.6% after being up 1.0% intraday. The DJIA finished flat, while the Russell 2000 outperformed with a 0.5% gainer.

Bitcoin has become correlated with equities toward the end of Q-4 Y 2021 and fell when faced with the prospect of the Fed's tightening, FSInsight told us in a note entitled “*Digital Assets in a Post-Cycle World.”*

- The correlation has become more pronounced with bitcoin and the wider crypto market now being strongly correlated with technology stocks because of *“legacy market capital entering the fold*,” the head of digital asset strategy, wrote in his note Friday.
- However, bitcoin is still King, he wrote, adding that the crypto could reach $200,000 in 2-H of this year, following a choppy start to Y 2022.
- FSInsight also said that decentralized finance (DeFi), non-fungible tokens (NFTs) and other Web 3 applications have driven massive growth of the Ethereum network.
- Ethereum is undervalued relative to cloud platforms, and ether, which is the native token of the network, could reach $12,000 in Y 2022, the report said.
- There is optimism surrounding Ethereum's transition to proof-of-stake in Y 2022, which if it happens, would likely result in capital inflows irrespective of bitcoin performance, the note added.
- Bitcoin is trading at $43,996.22, +1,879.33 (+4.46%), as of 01:41AM UTC, the market is open.

Have a prosperous week, Keep the Faith!

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