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16.12 - 11:20
Bitcoin can sway the stock market only if these conditions are met
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Bitcoin and the stock market have a history of contradicting each other’s movements. Interestingly, Bitcoin’s price action or investor’s behavior is usually linked back to the spot market. How so? Well, primarily because people still assume that the two are correlated.
Now, it is partly true that they are correlated. However, on a macro scale, they really aren’t. BTC’s correlation to the spot market has been ranging within the 0.3 to 0.5 zone, at times, dipping to even 0.
Well, it may not sound
Read more on ambcrypto.comAbout this in other media
Law firms continue march on stock market as Taylor Rose MW explores float fnlondon.com /2 years ago
A Bitcoin boom fueled by cheap power, empty plants and few rules economictimes.indiatimes.com /2 years ago
Gold, Bitcoin or DeFi: How can investors hedge against inflation? cointelegraph.com /2 years ago
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