Double Top Warning in S&P 500 Pressures Bitcoin Lower

Bitcoin is entering a period of uncertainty amid a growing conflict between its fundamental bullish mood and bearish technical setup. The benchmark cryptocurrency has attracted hundreds of millions of dollars worth of capital from corporations that see it as a hedge against a potentially weaker US dollar. At the same time, Bitcoin’s erratic positive correlation with […]

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Troubles for Bitcoin as Hedge Funds Bet Against Stock Market Winners

Bitcoin faces the prospects of undergoing broader downside corrections as hedge funds rush to short stocks that surged impressively during the coronavirus pandemic. According to the Financial Times, some fund managers have increased their bets against the shares linked to technology, home gym equipment, grocery retail, and healthcare. Tim Campbell of Singapore-based hedge fund Longlead […]

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