US Stock Indices Dow Jones, SPX Tank, Taking Down Bitcoin In Tandem
Bitcoin has been collapsing after failing to hold $11,000, and it could be thanks to negative sentiment surrounding
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Tandem
Bitcoin Cash Hits Seven-Month High as Altcoins Explode in Tandem
Bitcoin Cash (BCH) registered a mind-bending price rally on Wednesday as traders moved capital into the altcoin market en masse.The fourth-largest cryptocurrency surged by up to 12.93 percent to establish a new yearly top at $428.80. The move uphill helped BCH’s market cap to swell from $6.87 billion to $7.74
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Why XRP Isn’t Surging in Tandem With Rest of the Cryptocurrency Market
XRP was not among the gainers as the cryptocurrency market attracted capital of up to $12 billion in a day.The Ripple blockchain’s native asset slumped by up to 2.19 percent on Monday to establish an intraday low of $0.194. The downside move negated XRP’s gains – registered during the Sunday
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Bitcoin, Gold Dives in Tandem as China Posts Poor Economic Data
Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data.Bitcoin extends bearish bias after breaking crucial support of $8,000 | Image credits: TradingView.comThe BTC/USD instrument slipped by 1.96 percent, or $158.23, on San Francisco-based Coinbase exchange to trade
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Tom Lee: Bitcoin’s Price Moves in Tandem With S&P 500
Fundstrat Global Advisors co-founder Tom Lee has stated that Bitcoin (BTC) is positively correlated with the S&P 500 market index and is not a hedge against macro turmoil.Lee voiced his opinion during an interview with industry news outlet The Block published on Oct. 1.Bitcoin moves according to macro factorsDuring
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