The Crypto Market is weak today while the stock market is strong...
What gives?!
Over the past several weeks and months crypto and stocks have mostly been joined at the hip.
When stocks did bad, bitcoin and crypto did worse, and vice versa, when stocks did well crypto saw a nice bounce as well.
However, that trend is broken... at least for a day:
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
Stocks are strong, especially the Nasdaq which is what bitcoin was mostly correlated with, but bitcoin is weak...
Bitcoin is down roughly $2k from the highs seen yesterday.
Being down $2k isn't significant in the grand scheme of things, but when FANG stocks are up 2% and bitcoin is down 4%, something is off...
What gives?!
Upvoted! Thank you for supporting witness @jswit.
Please check my new project, STEEM.NFT. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Google is presently paying $10447 to $13025 every month for working on the web from home. I have joined this activity 2 months back and I have earned $15248 in my first month from this activity. I can say my life is improved totally!
Look at it what I do...…. http://Www.BizPay1.Com
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Something is happening behind the scene!? It’s going up soon!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
let's hope this is just a matter of consolidation and shaking off weak hands with volatility before the next leg up.
please checkout https://steemit.com/bitcoin/@shaarifusmani99/bitcoin-regular-update
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's going up and down in the Q1 of this year. Hope it will rise in the 2nd Q2.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit