The direction of the crypto market during a recession may depend on the Nasdaq

The direction of the crypto market during a recession may depend on the Nasdaq

“Bitcoin has really tied to the Nasdaq in terms of correlation, both if the Fed continues to raise rates and if the market believes [it is] if it raises interest rates, in recession or not, Nasdaq suffers in the short term, ”said Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank. “And if this correlation continues, then crypto suffers.”



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