Cryptocurrencies
Bitcoin-at-$100,000 Calls Become Uncomfortable After Pullback
- Correlation between Bitcoin and U.S. equities remains high
- Crypto benefited from Fed’s liquidity injections, says Maley
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Bitcoin’s getting a drubbing this week as the Federal Reserve readies a removal of stimulus, but bulls are feeling as emboldened as ever.
The largest cryptocurrency by market value has shed about $80 billion since the start of the year amid a slump that’s brought it to its lowest levels since its early-December flash-crash. But out have come predictions it can still reach the vaunted $100,000 level at some point this year.