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

BetOnline Sportsbook Deposit with Bitcoin Get 5% above market price Get 100% matching bonus 🎲Bet on sports 💰Get paid out in crypto ➡️

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow finishes 360 points lower as stocks give up strong early gainsStocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average fell around 369 points, or 1%, to finish near 34,792: Guys rate my nude photos) Guys rate my nude photos)
Source: MarketWatch - 🏆 3. / 97 Read more »

BTC Volatility Slips to 17-Month Low, Correlation With Stock Market on the RiseGlobalBlock Market Analyst Marcus Sotiriou discusses the current state of the crypto markets as investors eye bitcoin's next support and resistance levels. Plus, a conversation on consumer strength mitigating the risk of an impending recession, optimism despite a possible Fed rate hike, and altcoins like Cosmos. Globalblocknews kucoincom Genuine Idea to rebalance your portfolio if the Crypto market is down and a good time to buy dip with this new unique strategy I’m making huge profit weekly from stock.. Safemoon, BTC, ETH Dogecoins Follow and DM ( How ) 👇👇 xavier_emerson_ Thank you very much_,,! jvrsl Globalblocknews kucoincom Thank you very much_,,, ࠭
Source: CoinDesk - 🏆 291. / 63 Read more »

Dow finishes 360 points lower as stocks give up strong early gainsStocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average fell around 369 points, or 1%, to finish near 34,792: Guys rate my nude photos) Guys rate my nude photos)
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock futures gain on earnings optimism, jobless claims on tapU.S. equity futures traded higher Thursday morning after a day that saw the Dow gain 250 points, helped by results from IBM.
Source: FoxBusiness - 🏆 458. / 53 Read more »