Bitcoin Takes Tumble, Traders Fret Correlation and Next Month’s Halving
www.coindesk.com
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.
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