Bitcoin (BTCUSD) was originally marketed as a non-correlated digital asset and a hedge against fiat debasement. However, market behavior now contradicts that thesis. Price action in the benchmark ...
The BitMEX co-founder said on X that Bitcoin’s rally might be a ‘dead cat bounce’ before the cryptocurrency dips again.
Crypto has been nearly perfectly correlated with a key software sector ETF, and that gauge has tumbled another 5% Monday to a new 52-week low.
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