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RE: Crypto Prices - Possibly a leading indicator of recession?

in #crypto6 years ago

Didn't the price of Bitcoin soar when the markets crashed?

(Would the assumption be that...because investors are looking elsewhere....then main economic markets are doing well?)

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There was a negative correlation between bitcoin and the stock market for a while, where it was stronger when the market was weak, acting similar to gold. However, that correlation was pretty weak and hasn't been around for the last 2 years or so.

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