Bitcoin Is Near March Lows. What’s Happening? – FX Empire

The crypto market is again increasing its correlation with the dynamics of stocks, or rather, it is guided by the high-tech Nasdaq index.

The original plan, in which cryptocurrencies would become an alternative haven for capital outside of the traditional banking system, has not been tested by the military events in Ukraine.

There is nothing wrong with this in the long run, but right now, such a direct correlation with stocks can do a disservice.

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