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Correlation continues

Updated

Bitcoin and the stock market continues to correlate as news this morning started to cause markets to sell-off, which has resulted so far in a drop in Bitcoin shortly after.

We have to continue to keep an eye on this because they have been following each other closely.

Thanks guys

Note

Bitcoin has actually held up nicely compared to the bloodbath today in stocks! This doesn't mean we are out of the woods yet as Bitcoin did follow suit a few hours later so keeping an eye on this!

CM_Trades

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