Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose
Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.
Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.
If all these terms ("DeFi," "liquidity mining," "yield farming") are so much Greek to you, fear not. We're here to catch you up.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
Bitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has gotten stronger. That may not be bad news.