(Bloomberg) -- Bitcoin and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back toward record highs after...
-- Bitcoin and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back toward record highs after shaking off a growth scare over the US economy.The largest digital asset has fallen about 9% in August, lagging a gain of almost 1% in MSCI Inc.’s world share index as well as a jump in gold to all-time highs. A Bloomberg global bond gauge has added nearly 2% over the same period.
Expectations for the US economy have since stabilized on reassuring data and MSCI’s global share index is now just 1.5% below a record set in July. More recently, US politics has whipsawed the token as pro-crypto Republican Donald Trump and Democratic opponent Vice President Kamala Harris vie in the presidential race. Harris has yet to detail a digital-asset policy stance.
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