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A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300.
Late Thursday, market researcher Ed Yardeni blamed some of Thursday’s stock market sell-off on “the ongoing plunge in bitcoin’s price,” reports Fortune:
“There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index,” [Yardeni wrote in a note]. Yardeni blamed…
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A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300.
Late Thursday, market researcher Ed Yardeni blamed some of Thursday’s stock market sell-off on “the ongoing plunge in bitcoin’s price,” reports Fortune:
“There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index,” [Yardeni wrote in a note]. Yardeni blamed…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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