Friday, July 24, 2020

Bitcoin Rally in Danger? Wall Street Veterans Warn of Nasdaq Bubble

Ned Davis, who has operated his namesake Wall Street research firm since 1980, believes a Nasdaq bubble is forming. Based on the rough correlation between Bitcoin ( BTC) and stocks in recent months, it could negatively affect the crypto market. Since March 2020, Bitcoin and the S&P 500 saw an uncanny correlation.

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