Bitcoin topping $19,400, altcoins rallying by triple digits and the Dow setting an all-time high at 30,000 show bulls are running all corners of every market.
Bitcoin’s rally to $15.9K stole the limelight from DeFi tokens and decentralized exchanges but the tables could turn rapidly.
Bitcoin price is recovering well from its 6% drop to $14,800, but top altcoins are slow to follow.
Bitcoin apparently did not like all the fanfare over good results in a COVID-19 vaccine trial.
According to crypto analytic firm ByteTree, the popular stock-to-flow model is not a reliable indicator for Bitcoin’s long term price action.
The price of Bitcoin rose 2% in 30 minutes as the election causes massive volatility in the U.S. stock market.
As the U.S. stock market enters earnings season, analysts explain how Bitcoin could perform after earnings and the presidential election.
Bitcoin price rallied from $12,920 to $13,600 in the hours following the European Central Bank statement and optimistic job data from the U.S.
Fidelity’s report claiming Bitcoin as a non-correlated asset draws discussions, as not all agree with the assessment.
With a strong correlation between stocks and the bitcoin price in recent months, analysts say a stimulus package could boost BTC as well.