Cryptocurrencies
Bitcoin Stealth Rally Camouflaged by a Renewal of Risk Appetite
- Correlation between Bitcoin, stocks hasn’t broken, says Emons
- Meanwhile, percent of total dormant Bitcoin supply has risen
This article is for subscribers only.
A stealth rally in cryptocurrencies is currently underway.
Investors can’t be faulted for having missed an 8% breakout in Bitcoin over the past week -- a string of listless daily moves by the digital coin camouflaged a big upward swing that’s happened just as U.S. stocks are also attempting to emerge from a recent downturn.