Appetite For Risk Through the Lens of Nasdaq and Bitcoin

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Bitcoin tends to track Wall Street sentiment well, particularly compared to the Nasdaq. Growing concerns that Trump's policies will tip the US (and therefore the global economy) into a recession, which currently has the Nasdaq on the ropes and bitcoin getting dragged along for the ride. And there could be further losses to follow, though a cheeky bounce at a minimum could be due first.

Matt Simpson, Market Analyst and City Index and Forex.com

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