Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock […]
The post Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst appeared first on Bitcoin News.
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