BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week

Cointelegraph

Published Apr 11, 2022 03:34AM ET

Updated Apr 11, 2022 05:20AM ET

Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000.

After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of April 10.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Federal Reserve balance sheet as of April 4 (screenshot). Source: Federal Reserve
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Bitcoin difficulty 7-day average chart. Source: Blockchain
Bitcoin estimated hash rate chart (screenshot). Source: MiningPoolStats

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