Bitcoin plunged about 6% on Friday, as the U.S. stock indexes fell, with the correlation between the two assets rising.
Bitcoin plunged more than 5% on Friday, as the U.S. stock indexes fell, as the correlation between the two assets rises.
Bitcoin... Bitcoin plunged more than 5% on Friday, as the U.S. stock indexes fell, as the correlation between the two assets rises. Bitcoin BTCUSD was trading at around $39,440, according to CoinDesk data. Ether ETHUSD plunged 5% to around $2,954. “We generally have market headwinds across pretty much all macro. Stocks, gold, oil, crypto, all had a pretty rough week,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA told MarketWatch in an interview. “There’s a general understanding that the free money party may be coming to an end,” Kline said.Read: Why is the stock market falling? Dow drops more than 600 points as investors weigh Fed’s policy path.
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Dow finishes 360 points lower as stocks give up strong early gainsStocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average fell around 369 points, or 1%, to finish near 34,792:
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BTC Volatility Slips to 17-Month Low, Correlation With Stock Market on the RiseGlobalBlock Market Analyst Marcus Sotiriou discusses the current state of the crypto markets as investors eye bitcoin's next support and resistance levels. Plus, a conversation on consumer strength mitigating the risk of an impending recession, optimism despite a possible Fed rate hike, and altcoins like Cosmos.
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Dow finishes 360 points lower as stocks give up strong early gainsStocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average fell around 369 points, or 1%, to finish near 34,792:
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7,831 BTC Moved from Coinbase to Cold Wallets as BTC Targets $46,000$330.3 million in Bitcoin moved from Coinbase as BTC is rising in correlation with traditional markets. whale_alert intotheblock cryptorecruitr
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Bitcoin hovers around $41,000 on three-day riseBitcoin has had a positive week so far, trading above $41,000.
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Stock futures gain on earnings optimism, jobless claims on tapU.S. equity futures traded higher Thursday morning after a day that saw the Dow gain 250 points, helped by results from IBM.
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