Bitcoin’s Future May Depend on Nasdaq Stability, Economist Cautions
Main Idea
Bitcoin's current rally is closely tied to the Nasdaq's performance, making it vulnerable to market corrections, according to economist Henrik Zeberg.
Key Points
1. Bitcoin is currently trading above $110,000 but remains sensitive to Nasdaq downturns due to its correlation with high-growth stocks.
2. Henrik Zeberg warns that Bitcoin's rally could collapse if the Nasdaq experiences a downturn.
3. Investors should be aware of Bitcoin's vulnerability to market corrections linked to Nasdaq performance.
Description
Bitcoin’s current rally may collapse if the Nasdaq experiences a downturn, according to economist Henrik Zeberg, highlighting its vulnerability in a volatile market. Bitcoin’s trajectory is closely linked to the
$BTC
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