All explained in detail on the graph but the simplification of a complex economic dynamic:
Major world market index over the last 12 Months have been highly correlated with BTC (exceptions do take place).
Overnight, Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration
said it was considering increasing the initial proposed tariff. Given China and Asian markets are major contributors to the value that BTC holds, BTC has taken a tumble despite US equity markets being on the rise.
In my opinion an exponential recovery of Bitcoin is imminent. The suppression of BTCUSD from a temporary trade war is an opportunity to buy Bitcoin, and NEO/GAS/QTUM at what is already a discount price.
Dont miss out.
Major world market index over the last 12 Months have been highly correlated with BTC (exceptions do take place).
Overnight, Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration
said it was considering increasing the initial proposed tariff. Given China and Asian markets are major contributors to the value that BTC holds, BTC has taken a tumble despite US equity markets being on the rise.
In my opinion an exponential recovery of Bitcoin is imminent. The suppression of BTCUSD from a temporary trade war is an opportunity to buy Bitcoin, and NEO/GAS/QTUM at what is already a discount price.
Dont miss out.