Once hailed as a revolutionary product that would change finance as we know it, Bitcoin is now acting like just another stock.
Bitcoin price dropped on Thursday, continuing a recent trend that sees the cryptocurrency move in tandem with stock markets.
However, while stock markets closed higher on Thursday, Bitcoin price fell. This comes despite the fact that the Federal Reserve's interest rate cut is generally seen as bullish for risk assets. But recent data shows that institutional investors are driving up demand for Bitcoin, which could explain the divergence.
Bitcoin price dropped on Thursday, continuing a recent trend that sees the cryptocurrency move in tandem with stock markets. However, while stock markets closed higher on Thursday, Bitcoin price fell. This comes despite the fact that the Federal Reserve’s interest rate cut is generally seen as bullish for risk assets. But recent data shows that institutional investors are driving up demand for Bitcoin, which could explain the divergence.
Bitcoin price dropped on Thursday, continuing a recent trend that sees the cryptocurrency move in tandem with stock markets. However, while stock markets closed higher on Thursday, Bitcoin price fell. This comes despite the fact that the Federal Reserve’s interest rate cut is generally seen as bullish for risk assets. But recent data shows that institutional investors are driving up demand for Bitcoin, which could explain the divergence.
Bitcoin price dropped on Thursday, continuing a recent trend that sees the cryptocurrency move in tandem with stock markets. However, while stock markets closed higher on Thursday, Bitcoin price fell. This comes despite the fact that the Federal Reserve’s interest rate cut is generally seen as bullish for risk assets. But recent data shows that institutional investors are driving up demand for Bitcoin, which could explain the divergence.
Bitcoin price dropped on Thursday, continuing a recent trend that sees the cryptocurrency move in tandem with stock markets. However, while stock markets closed higher on Thursday, Bitcoin price fell. This comes despite the fact that the Federal Reserve’s interest rate cut is generally seen as bullish for risk assets. But recent data shows that institutional investors are driving up demand for Bitcoin, which could explain the divergence.
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