Back on track: US macro events unlikely to fully derail Bitcoin price gains

by Aurelia Butler 31 October 2020, 20:20 169 Views

Although the correlation between Bitcoin and U.S. stocks has declined in recent weeks, the probability that the rising risk-on market sentiment could buoy BTC remains high. As Kevin Svenson, a chartist at Kraken’s Cryptowatch, explained, the market direction between Bitcoin and the S&P 500 is the “same 80% of the time.”

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Source: Cryptocurrency - investing.com

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Back on track: US macro events unlikely to fully derail Bitcoin price gains

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