Analyst: 'BTC May Confirm Bottom If US Stocks Rise Today'
CryptoNewsTerminal Staff07 Jul, 2024
Analyst: 'BTC May Confirm Bottom If US Stocks Rise Today'
Lin Chen, head of Asia business development at crypto options exchange Deribit, said via X that "BTC price has rebounded a bit over the weekend. While the sentiment in the crypto market is still weak this week, if the U.S. stock market can rally on Monday, BTC may confirm a bottom." With the correlation between Bitcoin and U.S. stocks strengthening in recent months, a strong start to the week for U.S. stocks could provide a much-needed boost for the cryptocurrency market.