Bitcoin’s correlation with stocks grows as risk appetite drops

The world’s largest digital currency dropped as much as 3.4% during the session to trade around $54,960, which is roughly 20% off its recent record highs. U.S. stocks also fell, with the S&P 500 Index losing 1.1% as of 1:10 p.m. in New York.

from Cryptocurrency-Markets-Economic Times https://ift.tt/2ZSfy1M