“As of recent weeks, bitcoin has surfaced more like a risk asset – correlations against U.S. equities spike above 0.6 the past few days alongside the sell-off in technology stocks last Friday,” Lennard Neo, head of research at Stack Funds, a crypto investment firm, wrote in a report on Thursday. “However, crypto assets did not see the same rebound that U.S. equities had earlier … [Read more...] about Bitcoin Dips as China’s Evergrande Defaults; Altcoin Outperformance Could Fade
Outperformance
Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Solana “remains a near-term standout” after reaching $235, but may see some minor consolidation following the latest rally. FSInsight predicts further gains up to $308.60 and suggests buying during dips. If, however, there is a pullback, FSInsight sees first support in solana at $178.56 and then at $152.54. Source link … [Read more...] about Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says