Bitcoin declines following $1 trillion exodus from stock market

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Bitcoin أخبار

Cryptocurrencies

Bitcoin (BTC) plunged more than 2% on Tuesday after the US stock market posted significant losses.

The US stock market lost over $1 trillion of market value following weak performance across Magnificent 7. Bitcoin showed a positive correlation to the stock market, trading at a daily loss alongside several other cryptocurrencies. New stablecoin inflows have yet to be allocated, says CryptoQuantanalyst. Bitcoin plunged more than 2% on Tuesday after the US stock market posted significant losses. The decline saw the general crypto market recording a 3.

It is possible that institutional investors are buying digital assets via TWAP orders or with algorithms to reduce the impact on the short-term price, he added. Meanwhile, Bitcoin's recent weak price action has seen Meta stock and Gold rising to challenge its outperformance as the second-best asset on risk-adjusted returns. Bitcoin’s outperformance on risk adjusted returns is being challenged. Over the last twelve months Meta and even Gold are catching up to it.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 14. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Bitcoin traders should watch these metrics after the market dump on Black MondayBitcoin (BTC) is up nearly 4% on Tuesday after recovering quickly from Black Monday's crash.
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »