Stock market or bitcoin
2 days ago · As bitcoin busts out new records, these market watchers see $, and even $, on the horizon Dec. 17, at a.m. ET by Barbara Kollmeyer OpinionPrice: $23, 2 days ago · Forget Bitcoin. These stocks can protect your portfolio from market crash. The 10 Best Stocks to Buy This Month. Renowned Canadian investor . Sep 22, · If the stock market crashes, bitcoin is extremely likely to tank for a few weeks, but it won’t break crypto. If you sell your BTC and it doesn’t fall and suddenly jumps $2, you will be Author: Clem Chambers.
Stock market or bitcoinCan Bitcoin protect your portfolio if the stock market implodes? - AMBCrypto
The cryptocurrency has recovered roughly a quarter of its value since Friday, and is on pace for its best week since May The price resurgence in in part has been fueled by well-known Wall Street billionaires publicly backing bitcoin.
Analysts say that gave confidence to otherwise skeptical, mainstream investors. Stanley Druckenmiller and Paul Tudor Jones have both invested in the cryptocurrency and highlighted its potential as a hedge against inflation. PayPal also added the ability for clients to buy bitcoin, which has opened up the market to millions of new buyers. Flows into Grayscale's publicly traded Bitcoin Trust have increased roughly 6x from a year ago, he said.
Chainalysis also pointed to less liquidity in the market, with fewer sellers than there were there years ago. Last week, there were , fewer bitcoin sent compared to To be sure, not all bitcoin being "sent" is being sold. But Chainalysis' Gradwell said it's a "good proxy" since there are limited use cases otherwise, especially when prices are spiking. Less bitcoin availability "would explain the rapid price increase this week," he said. Follow him on Twitter mdecambre.
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