Bloomberg: BTC rise and stock market correlation violate bailout policy

10月
03
2020-10-3 03:40
share to
Scan QR code with WeChat

An October 3 Bloomberg article reported that Bitcoin's relationship to the growing commodity, which disagreed with the claim that it is a safe haven. According to the data, Bitcoin prices fell 8.3% in September, the biggest drop since March. Additionally, Bitcoin's 14-day Relative Strength Index (RSI) is 45 and the Commodity Index is 51, indicating that Bitcoin's decline is larger than its overall decline in trading. detail. The article also notes that the S&P 500 has fallen 6% since September and that Bitcoin has fallen 15% in mid-August.

Next:
Former Goldman Sachs trader: Major traders buy Bitcoin and gold at the same price.
According to the Dailyhodl on October 3, former Goldman Sachs trader Jason Urban, CEO of DrawBridge Lending, said in an interview that he now sees big investors buying bitcoin and gold at the same price as the market value. detail. He explained that the changing business environment has led to new investments in these two assets. Because these defense systems are being manipulated by the financial crisis caused by the pandemic virus of the coronavirus.
2020-10-3 03:08

Weekly News

Recommend