Bitcoin Resilience Remains As Stock Market Closes Worst Day In Months

bitcoin dow jones 980x468

The stock market yesterday closed its worst single-day decline in nearly two months, causing the richest people in the world to lose over $14 billion in net worth. Bitcoin also pulled back yesterday, but as of this morning is already trading higher than before, while the S&P 500, the Dow Jones, and the Nasdaq continue to plunge. What’s causing this sudden divergence between the two vastly different asset classes that all this year have been tightly correlated, and can the leading cryptocurrency by market cap keep it up? US Indices Tank As Election Day Draws Closer, Uncertainty Turns To Fear For Stock Market Investors The incredibly controversial showdown between President Donald J Trump and former Vice President Joe Biden will culminate on November 3rd, and US stock market investors are de-risking ahead of what could be a stormy time for the country. Coinciding with the political climax is a second…

Read the original article here