Bitcoin risks 50% drop as BTC's positive correlation with US stocks grows
Bitcoin BITSTAMP:BTCUSD erased much of its US-Iran war-driven gains this week, moving back in sync with the broader downtrend in risk assets, mainly US equities.Key takeaways:As of Sunday, BITSTAMP:BTCUSD had fallen 5.65% week-to-date to about $68,700, while the S&P 500 (SPX) closed the week down 1…
Bitcoin BITSTAMP:BTCUSD erased much of its US-Iran war-driven gains this week, moving back in sync with the broader downtrend in risk assets, mainly US equities.Key takeaways:As of Sunday, BITSTAMP:BTCUSD had fallen 5.65% week-to-date to about $68,700, while the S&P 500 (SPX) closed the week down 1…
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
