Bitcoin maintained its stability while stocks experienced a drop in Tuesday's trading. The cryptocurrency's market capitalization was trading near $27,200, up 1.1% over the past 24 hours. Bitcoin has remained range-bound between $26,500 and $27,500 for almost two weeks due to ongoing regulatory issues and macroeconomic uncertainties.
The crypto market's capitalization has remained stagnant at about $1.3 trillion from a year ago, and there doesn't seem to be a catalyst that could move things in either direction. The correlation between the S&P 500 and bitcoin has been dropping since April, and the percentage of bitcoin's total supply has remained unmoved for over a year.
All Comments