Bitcoin breaking out

in bitcoin •  14 days ago 

Bitcoin breaking bonds with stocks

Stocks are going down but bitcoin finally broke the correlation.

It's going up on a big down day in stocks:

image.png

(Source: https://x.com/arnaultwhale/status/1914221067595559331/photo/1)

Why?

It's pretty simple really.

Bitcoin is finally acting as a safe haven as people are starting to doubt the safety of the US financial markets.

Including US Treasuries.

The chart looks fantastic for much higher prices ahead for bitcoin.

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14 days ago by

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