Market Wrap: Stocks’ Carnage Drags Bitcoin Down to $9K
A somber economic outlook ahead is causing markets to dip, and bitcoin is a part of that sentiment as well.
There is little to no excitement in the markets today with bitcoin staying steady, which has been the case for its overall price performance the past six weeks.
Equities are winning while bitcoin traders experience a dip in crypto volumes.
Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020.
Roller-coaster daily trading for bitcoin Monday isn't convincing traders a larger crypto bull market is in the cards.
The crypto market seems more closely tied to traditional markets now, but is handily beating stocks year-to-date.