Bitcoinist
2020-06-29 12:20:52

Analyst Who Predicted 2018’s $3k Bottom Says Bitcoin Looks “Cooked”

Save for a few blips here and there, Bitcoin has more or less tracked equities over recent months. The below image from Charles Edwards, a digital asset manager, shows this correlation quite well. The correlation between crypto and the S&P 500 has also been tracked by analysts at JP Morgan. The strategists at the bank said that “Cryptocurrencies have traded more like risky assets like equities—a significant change relative to the prior couple of years.” According […]

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