BREAKING : U.S. stock market has wiped out $650 billion in market value this week.
Nasdaq -1.40%
Dow -1.21%
S&P 500 -1%
While Bitcoin is up 7%.
BTC has added $130 billion, and the total crypto market has added $190 billion this week.
This looks like a money rotation from safe assets to risky assets.
Remember the stocks are at all time high, while Bitcoin is still down -23% from its ATH of $126k. So Bitcoin is currently undervalued and has a lot of catching up to do with US equities.
BTC
96,716.64
+1.62%
USDCUSDT
Trajne ter. pog.
0.99964
-0.00%