Big-Money Investors Who Boosted Bitcoin’s Price Might Now Crash It

Not only were these institutional investors a sign of growing mainstream acceptance, they also appeared to drive up prices. Crypto boomed with the sector’s market capitalization growing 185% that year.

“The influx of institutional interest in BTC, which started to pick up in early 2020 with public declarations of interest from stalwarts of traditional investing, such as Paul Tudor Jones and Renaissance Technologies, coincides with a sustained jump in the 60-day correlation between BTC and the S&P 500,” according to anThe three-month correlation between bitcoin and ether and the major U.S.

The S&P 500 and the Nasdaq both dropped nearly 5% the day after the meeting on May 4. Bitcoin fell over 10%, now down over 35% year to date. For market watchers, the upshot was how closely they're traveling in tandem. So does that mean that those institutional investors who helped crypto to flourish a year ago are now a factor in the crash?

“This is the nature of tradable assets,” he said. “When assets are sold, all assets are sold. Bitcoin has correlated with the Nasdaq for quite a while now. This is no exception.”

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Tesla jpmorgan XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

Tesla jpmorgan XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

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Tesla jpmorgan clearly people are moving from crypto to fiat to have cash to spend in this inflation rich economy.

Tesla jpmorgan XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

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HeleneBraunn Well written 👍🏻👍🏻

HeleneBraunn So it's Centralized now?

HeleneBraunn I'm not surprised that besides supporting a mostly useless industry, its players are now playing the victim game.

HeleneBraunn Institutions start to play the manipulation game. Welcome aboard to squid game

HeleneBraunn It's not just crypto / bitcoin, gold as well. 'Markets can stay irrational longer than you can stay solvent'

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