Equities Markets Close Week Sharply Down, But Crypto Continues Recovery

Fri, 02/09/2018 - 22:08
Alex Dovbnya
Cover image via U.Today

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.

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