Bitcoin Bucks Trend as Stocks Fall on Tuesday
Despite the SP500 and Nasdaq-100 experiencing losses of 1.8% and 3.0% respectively, bitcoin has risen by 0.5%. This is unusual as bitcoin typically follows the daily movements of stocks, particularly in the tech industry. Despite the current market conditions, bitcoin has remained strong, which is surprising given the current Mt. Gox-related selling pressure and underwhelming spot ether ETF inflows. Although it is a small window of time, it is impressive how well bitcoin has held up.
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