Market Wrap: As Stocks Rally, Bitcoin Trades Above $9.3K for the First Time in 10 Days
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
The S&P 500 has recovered to hit new all-time highs but how real is it, and how are leading finance minds interpreting the recovery?
Analysts expect bitcoin’s positive correlation to traditional markets to continue and strengthen.
While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month.
According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500.
Bitcoin traders love hitting buy on their terminals when the price is around $9,000.