នេះ វិស័យ cryptocurrency is still reeling from the shock of FTX, one of the once largest ការផ្លាស់ប្តូរអ៊ីនគ្រីប, filing for bankruptcy and its CEO resigning, but Bitcoin (BTC អ) has another thing to fear – its correlation with equities.
Observing the activities of the S&P 500 Index and Bitcoin side by side, it becomes evident that the flagship digital asset is following the downward pattern of the ទីផ្សារភាគហ៊ុន, ដូចជា ពាណិជ្ជករគ្រីប និងអ្នកវិភាគ Josh Rager បានកត់សម្គាល់ នៅថ្ងៃទី ២៦ ខែវិច្ឆិកា។
As he explained, “the biggest concern at the moment for BTC is the stock market,” as:
“Equities fall and Bitcoin continues to fall with it.”
According to Rager’s earlier tweet:
“Personally, the most ធ្លាក់ចុះ case for BTC is the stock market pulling back. The majority of people/funds overleveraged involving FTX meltdown seemed to be overexposed w/ altcoins. Contagion is very real but will this actually create more sell-off on Bitcoin?… worth asking.”
Trading volume soars despite declining price
ទន្ទឹមនឹងនេះ ហិរញ្ញវត្ថុវិមជ្ឈការធំបំផុត (Defy) asset’s trading volume has hit an eight-year high representing the highest volume in history, despite the continuous downtrend of Bitcoin’s price.
Indeed, Bitcoin was at press time changing hands at the price of $16,540, down 2.49% on the day and 5.42% across the previous week, adding up to the cumulative monthly decline of 15.46%, as per data retrieved on November 16.
After the asset breached the critical $18,000 ការគាំទ្រ level, fears of further corrections have given ខ្លាឃ្មុំ a firm near-term technical advantageទោះបីជា bulls working to stabilize the market.
Meanwhile, a pseudonymous crypto expert known as ពុកមាត់ has estimated that Bitcoin needed to hold the level at around $15,800; otherwise, it might continue toward $13,000, as Finbold រាយការណ៍ មុននេះ។
ការមិនទទួលខុសត្រូវ: ខ្លឹមសារនៅលើគេហទំព័រនេះមិនគួរត្រូវបានចាត់ទុកថាជាដំបូន្មានវិនិយោគទេ។ ការវិនិយោគគឺជាការប៉ាន់ស្មាន។ នៅពេលវិនិយោគ ដើមទុនរបស់អ្នកមានហានិភ័យ។
Source: https://finbold.com/stock-market-drags-bitcoin-price-further-south-will-the-trend-continue/