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08/20 07:35

Bitcoin Still Flat Even as Whales Stack and Stocks

Bitcoin Still Flat Even as Whales Stack and Stocks Rally

Stock markets closed at record highs on Friday and institutions went on a bitcoin buying frenzy, but the cryptocurrency’s price hasn’t seen any significant upswings.
Stocks Climb, Whales Stack, So Why Is Bitcoin Stuck in Neutral?
Both the S&P 500 and the Nasdaq closed at all-time highs on Friday. Today, the Dow is up by nearly 200 points at the time of writing. Bitcoin treasury companies like Strategy and Metaplanet have been buying bitcoin by the truckload, yet its price has barely budged.
U.S. President Donald Trump scored a couple of victories over the weekend. He put his foot down and abruptly ended all trade talks with Canada until the country’s Prime Minister Mark Carney rescinded the controversial digital services tax on American tech companies. The tax was supposed to be collected on Monday but has been officially withdrawn and will ..

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