$BTC
Bitcoin is currently moving in tandem with Wall Street.
The correlation $BTC with gold and major U.S. stock indexes, especially the S&P 500, is currently very high.
We’re also in the busiest hours of the U.S. trading session, which explains some of the extreme volatility we’re seeing.
Over the past few minutes, Bitcoin has basically turned into a roller coaster.
For now, as long as BTC has not managed to reclaim and trade above the key $80,330 level, the risk of further downside remains.
I’m monitoring gold and the S&P 500 alongside BTC, because their next moves could directly affect Bitcoin.
Bitcoin is currently moving in tandem with Wall Street.
The correlation $BTC with gold and major U.S. stock indexes, especially the S&P 500, is currently very high.
We’re also in the busiest hours of the U.S. trading session, which explains some of the extreme volatility we’re seeing.
Over the past few minutes, Bitcoin has basically turned into a roller coaster.
For now, as long as BTC has not managed to reclaim and trade above the key $80,330 level, the risk of further downside remains.
I’m monitoring gold and the S&P 500 alongside BTC, because their next moves could directly affect Bitcoin.
