Analyst Explains Why Bitcoin Is Trading Almost Exactly Like the S&P 500

On Wednesday, Bitcoin was pushing $9,500. The cryptocurrency had finally begun to rally after sustaining a dip to $8,900 on the weekend. Many said that BTC was poised to rally even higher. One trader, for instance, shared charts indicating that Bitcoin was on track to hit $10,500, then $11,500 as bullish momentum ramped up. But the S&P 500 has had other plans for this nascent market. On Thursday, the leading U.S. stock market index plunged […]

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