“Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point”
September 23, 2024
“…The price of bitcoin was recently higher by 5% at $63,255.00, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, similar to stocks, initially jumped and then pulled back as traders absorbed the news…”
https://www.cnbc.com/2024/09/19/crypto-market-today.html
Because of ETF’s cryptocurrency is more closely linked to the stock market than it used to be. Although everyone was excited about it at the time I don’t think it is a good thing. Basically if the stock market does bad so does bitcoin. Or should I say at least is way more likely to? Either way I don’t see this as a good thing.