Barry Silbert: Crypto Market Destination Depends on Stock Market
CoinEdition
Published May 24, 2021 09:01AM ET
Updated May 24, 2021 09:30AM ET
Barry Silbert: Crypto Market Destination Depends on Stock Market
- Crypto market destination depends on the stock market, says Barry Silbert.
- Silbert suggests that stocks are the key indicator for risk investors.
- Correlations between the Nasdaq-100 and BTC are much higher at the beginning of 2021.
Barry Silbert, a powerful member in the digital-asset sector explained that investors need to look no further than the stock market, according to a tweet amid a downturn in digital assets.
Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks
— Barry Silbert (@BarrySilbert) May 24, 2021
However, some of the turmoil being experienced in crypto assets connected to China’s breakdown in the sector. More so, the crypto-focused site reported that a crypto exchange, Huobi, may scale b...
This article was first published on coinquora.com
Continue reading on CoinQuora
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.