Bitcoin tanks as correlation with stocks rises, Dow drops over 600 points

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.

Bitcoin tanked? 💀

good bitcoin is terrible tech and worse money

Many Biz handles on Fintwit have run out of content , or dont have enuf paid experts to cover quality output, They hence resort to pumping ponzi Crypto shite.. is one such, but there are many other like it across nations ..

people are panic selling cryptocurrencies. Just hold and try to take advantage of the bear market by buying the dips. not investment advice

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