Bitcoinist
2020-09-08 09:55:04

Bearish S&P 500 Could Drag Bitcoin Further Lower: Glassnode Report

Bitcoin remains at risk of continuing its downward trend as long as the S&P 500 moves lower, says Glassnode. The on-chain analytics platform asserted that traders with exposure in both Bitcoin and the S&P 500 could use the cryptocurrency to offset their losses in the US stock market. Glassnode’s statement appeared as both Bitcoin and the S&P 500 plunged in tandem last week against a rising US dollar. Sky-high valuations and overbought technicals caught up with […]

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