Many factors can influence the current and future value of Bitcoin. Finding reliable correlations is always a bit iffy. According to some, the current repo market problem in the US will spark a new Bitcoin bull run. Financial markets are, for the most part, correlating with one another. Bitcoin and other cryptocurrencies are often considered to be outliers. In the real world, however, there appears to be some synchronicity as to how these markets move up and down on a weekly basis. US Repo Markets Spark a Debate As such, any potentially troublesome financial event can impact the Bitcoin price.
The post Will the US Repo Markets Trigger a Bitcoin Bull Run This Year? appeared first on The Merkle Hash.
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