Today closes out the worst week in the stock market since 2008, as all major indices tumbled. The Dow ended the week down over six percent and the S&P 500 briefly dropped below its 200 day moving average, which is quite significant. After beginning the week with a fearful drop, crypto markets have moved opposite equities, gaining from a low of $5,800 to a high today of $8,800. Perhaps the much-vaunted correlation between crypto and equities isn’t set in stone after all.
Bitcoin Price Could Skyrocket to Trillions of Dollars in Five Years: Report