Market Wrap: Stocks Rally on Possible Stimulus but Bitcoin Is Flat at $9.5K
Equities are winning while bitcoin traders experience a dip in crypto volumes.
After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.
Bitcoin experienced a dip on Wednesday, but equities and other assets also dropped on an uncertain economic outlook.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Lower bitcoin spot volumes and flatter-than-usual price action doesn’t mean crypto traders have zero opportunities to capitalize.
Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020.