Crypto market, stocks plunge on broadening sell-off

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Robinhood

As stock market indexes tumble on Monday (^DJI, ^IXIC, ^GSPC), the cryptocurrency market is sinking in response. Bitcoin (BTC-USD) prices have plummeted over...

Bitcoin briefly falling below 50,000, we're now actually back above 53,000 here.You've got Coinbase Robin Hood, micro strategy all firmly in the red today.

More broadly, we take a look at the news of Bitcoin and compare that to the NASDAQ and some of the tech names.So again, the risk off trade investors aren't jumping in to crypto.Our head of news, Miles Lin, wrote last week that Bitcoin was the tell before the sell off started because it was the first thing to move last week, and if you were watching the market at all last night, it was once again the tell right.

 

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