Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold

Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold

Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread water. Analysts point to seller exhaustion, shifting gold correlation and improving ETF flows.

Bitcoins resilience during the latest bout of global macro stress is starting to turn heads on trading desks. The largest crypto climbed to just shy of $71,000, up roughly 7% from Sunday evening low… [+3508 chars]

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Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold - FHMnews