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Expert Questions Why Bitcoin Trades Like Wall Street Stocks Nowadays

Summary by The Crypto Basic

Dave Portnoy, the inventor of Barstool Sports, has gone to the X platform, asking whether Bitcoin is truly independent from the U.S. stock market. Portnoy pointed out a recurring pattern: Bitcoin's price movements often mirror those of the stock market. He noted that when equities rise, Bitcoin rises, and when stocks fall, Bitcoin follows suit. This has led him to question whether Bitcoin can still be considered an asset that operates outside …

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The Crypto Basic

Expert Questions Why Bitcoin Trades Like Wall Street Stocks Nowadays

Dave Portnoy, the inventor of Barstool Sports, has gone to the X platform, asking whether Bitcoin is truly independent from the U.S. stock market. Portnoy pointed out a recurring pattern: Bitcoin's price movements often mirror those of the stock market. He noted that when equities rise, Bitcoin rises, and when stocks fall, Bitcoin follows suit. This has led him to question whether Bitcoin can still be considered an asset that operates outside …

22 hours ago

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The Crypto Basic broke the news in 22 hours ago on Friday, April 4, 2025.

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