Despite the strategic crypto reserve announcement, Bitcoin only retraced 50% from its January 20th break. Jim Iuorio of TJM Institutional Services notes, "Bitcoin remains highly correlated to the Nasdaq, suggesting it is still seen as a risk asset, not the uncorrelated currency hedge many hoped for."
#crypto #bitcoin #cryptocurrency
Learn More: https://www.cmegroup.com/markets/cryptocurrencies.html#explore-our-cryptocurrency-products
#crypto #bitcoin #cryptocurrency
Learn More: https://www.cmegroup.com/markets/cryptocurrencies.html#explore-our-cryptocurrency-products