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Bitcoinist

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Why Bitcoin And Crypto Will Not Recover Before US Equities Market: Expert

  • The Bitcoin and crypto markets suffered severe price downturns at the beginning of the week, along with the United States equities market.
  • Prominent crypto pundit Burak Kesmeci explains the correlation between cryptocurrencies and the US stock market.
  • Bitcoin and Ethereum exhibit high correlation with the S&P 500 index and other US stock market indices.
  • The recovery of the crypto market is dependent on the US stock market indices moving above the SMA200.

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