Willy Woo: Signs that BTC is decoupling supports its 'safe haven' status
Bitcoin’s decoupling from stocks began within days of its NVT price hitting an all-time high, according to Willy Woo. Bitcoin (BTC) has started to decouple from the U.S. stock market index S&P 500 according to crypto statistician Willy Woo. First signs of de-coupling behaviour spotted between BTC and stocks. Buying from an influx of new users provides price support preventing speculators from trading the correlation downwards. NVTP approximates a valuation for BTC with organic investor velocity on the blockchain. pic.twitter.com/AvilB9cfdD— Willy Woo (@woonomic) October 29, 2020....
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