Analyst Advises To Buy the Dip In Bitcoin Amid Growing Nasdaq Correlation

The post Analyst Advises To Buy the Dip In Bitcoin Amid Growing Nasdaq Correlation appeared first on Coinpedia Fintech News
In a recent development, Standard Chartered’s Geoffrey Kendrick has advised the investors to “buy the dip” in Bitcoin, as the cryptocurrency faces pressure from its growing correlation with the Nasdaq.  Kendrick highlighted Bitcoin is now more closely correlated with the Nasdaq than with gold. He explained that a 3% drop in Nasdaq futures, driven by …

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