By Electronics Tek
Bitcoin and the traditional stock market have been tightly correlated for quite some time. The majority of the tech giants and other big names in the legacy markets are done filing their financial reports
The recent figures revealed that the US added almost half a million new jobs in January alone, despite the spread of the Omicron variant that tends to lead businesses short-staffed
Data from CoinGlass reveals that over the past 24 hours, the market saw a whopping $220 million worth of liquidated short positions across major exchanges
BTC has recently been closely correlated with the Nasdaq Composite Index and the stock market Dow Jones. Therefore, a 2% Nasdaq rally should help BTC surge above $41,400
Just last month, the U.S. government slapped Binance, the world’s largest crypto exchange, with a $4 billion fine
Despite the recent excitement around bitcoin, experts still maintain that crypto is a risky bet with wildly unpredictable fluctuations in value