Bitcoin Optimistically Breaks Correlation with US Stocks as COVID-19 Drug Trial Fails

Bitcoin rose on its own on the day the US stocks gave up its gains this Thursday. The cryptocurrency breached key resistance areas in a price rally towards $8,000. The gains appeared after a potential novel Coronavirus antiviral drug failed in clinical trials. Bitcoin was tailing the U.S. stock market in its boom and bust since March. But the short-term correlation broke this Thursday as the two distinctive markets started moving in opposite directions. The […]

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Author: toutiao