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No, Bitcoin Didn’t Uncouple From Stocks But $6K BTC Is Back in Play
The equity markets in the United States just had the worst opening ever as trading was halted within seconds and indexes dropped by 12% percent. Not only was this one of the worst openings ever, but it is also a destructive period for indexes around the world. To date, global equity markets are down between 30%-40% percent. Apart from that, gold, the usual safe-haven for traders, took a big hit today as it dropped 7%. Silver made a colossal crash of 22% and while Bitcoin (BTC) dropped 15%, it quickly rallied back up to touch $5,000. Does this mean the positive correlation between the equity markets and crypto over?
