According to Stack Fund co-founder and CEO Matthew Dibb, the stock market is suffering at the time of writing, and so long as it continues to suffer, bitcoin will suffer as well.Matthew Dibb: BTC Will Suffer So Long as Stocks DoAt this point, there is no reason to deny that bitcoin and the stock market share a special correlation of sorts. Whenever the stock market goes up, bitcoin tends to follow and vice versa. This also works in reverse. If stocks move down, bitcoin will typically edge...
Read More »Are Traders Coming Back to Bitcoin?
New data suggests that investors are once again gaining confidence in bitcoin.Bitcoin Is Back, BabyThe currency – which is often seen as a speculative asset – shed several points off its reputation during the past few weeks, though to be fair, the same can be said for many assets (i.e. stocks, oil, etc.) The coronavirus pandemic sent everyone into a solid panic, and people began selling off everything they owned in the hopes of gaining cold hard cash before the global economy suffered too...
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