Right now, stocks and $BTC are going up while oil is going down. Oil getting cheaper is good news for the economy, because it means lower prices and less pressure on interest rates. That tends to push tech stocks (Nasdaq) and Bitcoin higher, and it's why they bounced together today. But they've rallied fast, and now they're slowing down at resistance. Gold is stuck at its high and can't break through. If oil starts rising again, the stocks and Bitcoin rally could reverse. If oil keeps falling, the rally can continue.
WealthmanagerShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.