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Bitcoinist 2020-07-06 06:50:54

Bitcoin’s 150% Rally From $3,700 May Fade as Wall Street Eyes Weak Earnings

Bitcoin has added about $73 billion to its market capitalization since its March 13 low. But BTC’s chances at ballooning further into the second half of 2020 look meager. One of the primary reasons for this sentiment is Bitcoin’s positive correlation with the S&P 500. The benchmark US index has surged by ~43 percent from its March low but risks correcting lower ahead of a weaker corporate earnings season. Bitcoin has added about $73 billion […]

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