Bitcoin Takes Tumble, Traders Fret Correlation and Next Month’s Halving

Bitcoin and ether are trending down as traditional markets closed in the red Wednesday. On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent.

Notable assets down in the dumps on CoinDesk’s big board include NEO (NEO) in the red 5 percent, bitcoin SV (BSV) slipping 4 percent and IOTA (IOTA), down 4 percent. Source: TradingView Despite that bloodbath, the first quarter saw bitcoin perform better than the SP 500 index even though it was still in the red 10 percent for the period.

Timeline of Iota, Neo, Bitcoin, Bitcoin-sv, Ethereum