Starting investmentsBitcoin gave back a large portion of its earlier gains this week and is once again following the downward trend of risky assets such as stocks.
The correlation with the S&P 500 is increasing again, which historically often precedes sharp declines in BTC averaging ~50%.
With a weekly loss of 5.6%, the chance of further pressure is growing if stocks continue to decline.
Without new major purchases, Bitcoin is currently particularly vulnerable to a broader market sell-off.
The correlation with the S&P 500 is increasing again, which historically often precedes sharp declines in BTC averaging ~50%.
With a weekly loss of 5.6%, the chance of further pressure is growing if stocks continue to decline.
Without new major purchases, Bitcoin is currently particularly vulnerable to a broader market sell-off.