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Dow Jones Industrial Average Rises Above 30000 As Bitcoin Continues To Rally
Summary: The Dow Jones Industrial Average rose above 30000 on Tuesday, continuing an 8-month rebound from pandemic lows. The market is being guided by the investor creed that holding onto investments regardless of market fluctuations or crises will lead to returns eventually. Investors are largely betting that the market's momentum will continue either passively through index ...
The Dow Jones Industrial Average rose above 30000 on Tuesday, continuing an 8-month rebound from pandemic lows.
The market is being guided by the investor creed that holding onto investments regardless of market fluctuations or crises will lead to returns eventually.
Investors are largely betting that the market's momentum will continue either passively through index funds or from investors hoping to buy the pandemic dip and pocket big returns one global economies reopen.
At the time of writing Bitcoin is trading hands at $18,965 and is up 3.31%. The stock market's rally comes as Bitcoin is edging nearer to all-time-high price of $20,000. However Bitcoin enthusiasts are eager to see the currency decouple from the stock market to solidify its standing as a safe haven currency immune to geopolitical events.
By Emily Mason
Tags: Bitcoin,BTC,Dow Jones,US Stock Market
Link: Dow Jones Industrial Average Rises Above 30000 As Bitcoin Continues To Rally [Copy]
