FED made their announcement ysterday, I understand.
But what let the BTC and ETH explode to new highest this month?
But what let the BTC and ETH explode to new highest this month?
What happened to the 12-14 k fractal first?the same reason why stock and co are raising to trap people in for the next big cut which will be lower than the previous one.
At this point, if you do not understand it then you never will. Stock and crypto are now correlated. Period.FED made their announcement ysterday, I understand.
But what let the BTC and ETH explode to new highest this month?
thank you. I get a picture of it after all.At this point, if you do not understand it then you never will. Stock and crypto are now correlated. Period.
thank you. I get a picture of it after all.
According to a chart posted by CNBC's Dominic Chu, Bitcoin's correlation with Invesco QQQ, a popular exchange-traded fund (ETF) that tracks the tech-heavy Nasdaq 100 Index, has reached a score of 0.894, the highest level in nearly three years. It is worth pointing out that a score of 1 would mean an exact correlation.
The fact that the flagship cryptocurrency is trading virtually just as another tech stock undermines the "inflation hedge" narrative that propped up the fledgling asset to new record highs last year. Instead of being treated like a legitimate store of value, Bitcoin is being treated as yet another speculative investment. This, of course, flies in the face of those who pitched the world's largest cryptocurrency as a revolutionary asset.
Market -1.55% wow a real crashsome of the people where right with the bull ride - it is already going down again.