Why One Analyst Thinks the S&P 500 Will Determine the Fate of Bitcoin

Bitcoin has established a striking correlation to the legacy markets throughout the past several weeks, with this coupling holding strong despite BTC making several attempts to break it throughout the past few days. This has led one cryptocurrency analyst to note that the S&P 500 could determine Bitcoin’s future, with BTC flashing some tempered signs of weakness that could lead it to see a significant downtrend if the benchmark index is unable to push higher. […]

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Author: toutiao