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Software stocks are getting pulverized - but bitcoin's rebound hints that a bottom might be in
Okta was one of the software stocks that fell sharply on Friday. Bitcoin's relative strength on Friday may offer a bullish clue for battered software shares - that is, if a past relationship still holds, according to a technical strategist at BTIG. The signal matters because software has been one of the stock market's weakest areas in recent weeks. In recent years, crypto and software stocks have often moved in tandem, with both seen as risk-on assets that tend to benefit when investors are more willing to buy into growth and speculation. If that correlation still holds, bitcoin's (BTCUSD) recent strength could ... (full story)