Bitcoin Market Trends Oppose NASDAQ; Mt. Gox Impact
CryptoNewsTerminal Staff15 Aug, 2024
Bitcoin Market Trends Oppose NASDAQ; Mt. Gox Impact
ForexLive analyst Adam Button observed a divergence between cryptocurrency and stock market trends on Tuesday, noting that "crypto is moving somewhat in line with equities, which has not been the case today." Button attributed this divergence to the potential impact of Mt. Gox rehabilitation coins entering the market. Meanwhile, the US Nasdaq index has returned to its pre-Black Monday level on July 31. This rally is believed to be supported by perceptions of global economic stability and renewed interest in artificial intelligence (AI).