Bitcoinist
2020-09-04 15:00:54

Why Has Bitcoin Become A Leading Indicator For The S&P 500?

Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing. The stock market also saw the largest single-day loss since June. But why did Bitcoin suddenly lead the stock market almost tick for tick on price charts before the S&P 500 followed? Are these bots turning bearish after crypto began to collapse, or is something else […]

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