Bitcoin plunged about 6% on Friday, as the U.S. stock indexes fell, with the correlation between the two assets rising.
Bitcoin plunged more than 5% on Friday, as the U.S. stock indexes fell, as the correlation between the two assets rises.
Bitcoin... Bitcoin plunged more than 5% on Friday, as the U.S. stock indexes fell, as the correlation between the two assets rises. Bitcoin BTCUSD was trading at around $39,440, according to CoinDesk data. Ether ETHUSD plunged 5% to around $2,954. “We generally have market headwinds across pretty much all macro. Stocks, gold, oil, crypto, all had a pretty rough week,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA told MarketWatch in an interview. “There’s a general understanding that the free money party may be coming to an end,” Kline said.Read: Why is the stock market falling? Dow drops more than 600 points as investors weigh Fed’s policy path.
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