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PARAGRAPHThe price of bitcoin dropped in the red too, with of stablecoins intensifies.
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| Bitcoin decline | In this article. Sarah Min 4 hours ago. Zoom In Icon Arrows pointing outwards. Jim Paulsen, chief investment strategist at the Leuthold Group, said that although bitcoin tends to dip with the broader markets, that doesn't mean it has any correlation to stocks and went further to say that correlation is "virtually zero. It's a method of exchange, but it is not a currency. Skip Navigation. The crypto decline also comes as uncertainty about the regulation of stablecoins intensifies. |
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| Bitcoin decline | Global equity markets are sliding as investors fear spreading risk from a shakeout in China's property market tied to highly indebted developer Evergrande. Really, he said, it's a mid-market reset like the one that took place in mid, though this one has been deeper and sharper because of some leverage factors. The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline. Zoom In Icon Arrows pointing outwards. Skip Navigation. Jesse Pound. The crypto decline also comes as uncertainty about the regulation of stablecoins intensifies. |
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