Bitcoin faces the prospect of crashing to $8,000 if the U.S. stock market continues its decline. The cryptocurrency’s correlation with the S&P 500 grew stronger on Thursday as both fell by circa 6 percent. Victor Dergunov, the founder of Albright Investment Group, warned that the U.S. benchmark could fall another 7 percent. The prediction surfaced as Bitcoin, too, attempts to maintain support above its three-month rising trendline. On Wednesday, Bitcoin and the S&P 500 index […]
