Bitcoin weakness: a warning for stocks or its own problem?

<p class=“MsoNormal“>Market
picture</p><p class=“MsoNormal“>Things are
slow now in crypto, with a slight downward bias for the second day. Bitcoin is
losing 1.5% to $21.4K in the last 24 hours. Ethereum is unchanged for the same
time, remaining at $1680. Top altcoins show mixed dynamics, ranging from a 4.1%
decline (Solana) to a 2.6% increase (Cardano).</p><p class=“MsoNormal“>Total
cryptocurrency market capitalisation, according to CoinMarketCap, was down
slightly, by 0.1% overnight, to $1.04 trillion. The Cryptocurrency Fear &
Greed Index rose 2 points to 27 by Friday and moved into „fear“
status from „extreme fear“.</p><p class=“MsoNormal“>Bitcoin lags
behind the equity market and altcoins on Thursday and early trading on Friday.
And now, it is crucial to understand whether this is a formidable warning of
domestic weakness in the latest demand for risky assets. Alternatively, the
poor performance of the first cryptocurrency might be its own problem. But it
would break the trend of recent months, where Bitcoin has often acted as a
leading indicator for the global equity market.</p><p class=“MsoNormal“>News
background</p><p class=“MsoNormal“>Coinbase CEO
Brian Armstrong said that eventually, cryptocurrencies would be integrated
everywhere, as the internet has previously been, and the catalyst for their
universal adoption will come from large tech companies.</p><p class=“MsoNormal“>Ethereum
co-founder Vitalik Buterin believes that people underestimate how much
cryptocurrency payments are superior to other traditional payment instruments.</p><p class=“MsoNormal“>One of the
world’s leading technology companies, South Korea’s Samsung, is serious about
entering the crypto market by launching its cryptocurrency platform in the
first half of 2023.</p><p class=“MsoNormal“>Olli Rehn,
governor of the Bank of Finland, said the digital euro and the use of private
financial technology could make cross-border payments easier in Europe.</p><p class=“MsoNormal“>This article was written by <a target=“_blank“ href=““ target=“_blank“>FxPro</a>’s Senior Market Analyst Alex

This article was written by FxPro FXPro at

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