The Nasdaq 100 is looking increasingly like it did in the year 2000, warns Peter Brandt, and that has no positive implications for Bitcoin.
Bitcoin (BTC) and its stock market correlation are under fresh scrutiny amid a warning that the Dotcom Bubble is repeating itself in 2022.In a tweet on April 22, popular trader Peter Brandt highlighted similarities between the Nasdaq 100 (NDX) now and twenty years ago.”Deja vu all over again”Bitcoin has shown itself to be highly correlated to U.S. equities this year. In particular, BTC/USD recently became attached to the NDX, which has not passed by some of the industry’s best-known names.As stocks themselves come under pressure from central bank inflation-beating policies, concerns are mounting that the immediate future is anything but rosy for crypto.Brandt, who himself gained attention for predicting some of Bitcoin’s historical price bottoms, now believes that the Nasdaq itself is ec
We współpracy z: https://cointelegraph.com/news/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises
