Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.
Correlation frays Meanwhile MSCI’s gauge of global stocks is hovering near a record high and a short-term, 30-day correlation between Bitcoin and the index is plunging. The question is whether risk aversion in crypto is isolated or heralds a circumspect quarter for mainstream investments too after a strong first-half for shares.
Investors are awaiting US jobs data later Friday for the latest clues on the outlook for Fed policy. Soft recent economic reports have bolstered the case for the US central bank to loosen monetary settings in coming months.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euro sinks, stocks to drop on EU vote outcome: Markets wrapBitcoin fell 0.2% to $69 571.46.
Source: Moneyweb - 🏆 5. / 77 Read more »
MTI’s dwindling pool of assetsThe collapsed bitcoin Ponzi scheme has shrunk from R1.1bn in 2021 to R627m.
Source: Moneyweb - 🏆 5. / 77 Read more »
Bitcoin investors begin to ponder what’s next after ETF mania coolsBitcoin, which reached a record $73 798 on March 14, is closing the quarter at around $61 000.
Source: Moneyweb - 🏆 5. / 77 Read more »
Source: TechCentral - 🏆 8. / 71 Read more »
US reclaims crypto crown on bitcoin ETFsTrump rise in polls.
Source: Moneyweb - 🏆 5. / 77 Read more »
Source: htxtafrica - 🏆 42. / 51 Read more »