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If The Stock Market Crashes, BTC May Follow Its Lead

Emily Mason

Summary: Industry leaders are predicting a drop off in the stock market and crypto commentators fear BTC will follow its lead. After BTC dropped by 9% following a 7% drop in the Dow Jones on Thursday, June 11 analysts feel that BTC's performance may be tied to the stock market's fluctuations. Mati Greenspan, a co-founder of Quantum ...

Industry leaders are predicting a drop off in the stock market and crypto commentators fear BTC will follow its lead.

After BTC dropped by 9% following a 7% drop in the Dow Jones on Thursday, June 11 analysts feel that BTC's performance may be tied to the stock market's fluctuations. Mati Greenspan, a co-founder of Quantum Economics told Cointelegraph that this link suggests that BTC is driven by institutions. 

Investors worry that the stock market's recent retail investor driven rally will result in an even larger crash than seen on Thursday, leaving the crypto world to wonder how BTC will react.

By Emily Mason

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