Bitcoin price action decouples from stock markets, but not in a good way By Cointelegraph
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Bitcoin price action decouples from stock markets, but not in a good wayThis week the stock markets began to flash a little green and (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the tech-heavy stock market index is up 3.1%.
May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’ aversion to risky assets.
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Bitcoin price action decouples from stock markets, but not in a good wayThis week the stock markets began to flash a little green and (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the tech-heavy stock market index is up 3.1%.
May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’ aversion to risky assets.
Continue Reading on Coin Telegraph
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