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 […]
