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Stock Market And Bitcoin Dropped Together Yesterday Implies Decoupling Not Realized Yet

Dawn Wu

Summary: As both Bitcoin and the stock market plunged yesterday, rumors of the two decoupling proved negated.

As both Bitcoin and the stock market plunged yesterday, rumors of the two decoupling proved negated.

Per Bitpush.news, the U.S. stock market indexes witnessed its worst day in the past three months. Dow Jones slumped by nearly 7%; S&P 500 decreased by 5.89%, and Nasdaq closed with a drop of 5.27%.

Meanwhile, leading cryptocurrencies such as Bitcoin, Ethereum, and XRP all roller-coasted as well. According to Bitpush Market Data, Bitcoin fell to $9,240.65 at around 1 p.m. EST yesterday. The prevalent downswing indicates that the crypto market has not fully separated itself from the influence of stock markets.

By Dawn Wu

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Tags: Bitcoin (BTC),Cryptocurrency,Stock Markets
Link: Stock Market And Bitcoin Dropped Together Yesterday Implies Decoupling Not Realized Yet [Copy]

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