Stock Market Sees Largest Surge Since V-Shaped Recovery, Another Leg For Bitcoin?

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On the heels of positive vaccine news and a winner finally being declared in the US presidential election, major US stock indices like the S&P 500 and the Dow Jones Industrial Average set a new all-time high price record. Due to the ongoing correlation with the stock market, could Bitcoin also see another leg higher, and finally also set a new peak after three years of a bear market? Blue Wave: S&P 500, Dow Jones Set New All-Time High On Positive Vaccine News Bitcoin price action all last week was some of the most bullish its been in years, taking the leading cryptocurrency by market cap all the way to just under $16,000. The long-awaited “decoupling” of the cryptocurrency and the stock market also arrived, according to analysts, which explained previous stock market weakness compared to Bitcoin. But with a winner of the US election finally called by the Associated…

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