Traders watch bitcoin for clues about high-flying stock market

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Traders watch bitcoin for clues about high-flying stock market
Brasil Últimas Notícias,Brasil Manchetes

New for subscribers: Traders watch bitcoin for clues about high-flying stock market. Check out CNBCPro today.

The cryptocurrency, which briefly topped $40,000 apiece last week, has become a poster child for the level of animal spirits in the financial markets.

The same goes for Tesla, which just came off its record 11-day winning streak after a sevenfold rally in 2020. A number of investors and traders flagged that the broader stock market started to move in tandem with these two feverish assets in the past few days.

 

Pro Traders are about right 50% of the time.

Pro Seriously, avoid BTC

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