Bitcoin, shares may become more correlated with the growth of crypto adoption

Bitcoin, shares may become more correlated with the growth of crypto adoption

Bitcoin’s wild weekend sell-off set the tone for Monday’s stock market decline, she said. “When I come in in the morning I let bitcoin give me a bit of a cue about how the market might trade,” said Katie Stockton, chief technical strategist at Fairlead Securities.

Source www.cnbc.com For now, the link is loose: sometimes high, and other times negative. Bitcoin has been highly volatile, but watching the cryptocurrency has sometimes been a clue to sentiment.

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