Latest News

Despite the relief rally on Wall Street, crypto is still in the red.

The cryptocurrency market and regular stocks have been at odds for the past few days. Unlike Wall Street, though, crypto remains in the red and shows no signs of recovery.

Bitcoin is at a crossroads at $29,500.

Bitcoin’s price has dropped about 1% in the last 24 hours and is still hovering around $29,000 at the time of writing.

Surprisingly, this occurs during days when Wall Street is experiencing a relief bounce, with major indices well in the green after recent losses.

Source: TradingView

As can be seen in the chart above, BTC is significantly uncorrelated with the S&P 500, NASDAQ. Then, and Dow Jones Industrial Average (NDQ), all of which have recovered from their recent slumps.

This is especially true of altcoins, which have experienced steeper drops.

Related Posts – The Indian Finance Minister hails blockchain technology

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.