Dow Jones Drops Another 1000 Points In A Week, Crypto Markets Don’t Quite Follow

[JuniAiko]

https://cointelegraph.com/news/dow-jones-drops-another-1000-points-in-a-week-crypto-markets-dont-quite-follow

Unlike the drop three days ago, which was the largest intraday drop in 6 and a half years, today’s traditional market slump has not correlated with the crypto markets as strongly.
While Bitcoin (BTC) had dropped below $7000 on Feb. 5 when the Dow Jones had dropped about 1,100 points, Bitcoin is now trading at around $8,219.12 according to Coin Market Cap, up 6.08% over a 24-hour period by press time.

Meanwhile this MAGA issue persists bigly: The Senate’s Official Scorekeeper Says the Republican Tax Plan Would Add $1 Trillion to the Deficit
https://www.nytimes.com/interactive/2017/11/28/us/politics/tax-bill-deficits.html

[randythered]

https://cointelegraph.com/news/dow-jones-drops-another-1000-points-in-a-week-crypto-markets-dont-quite-follow

Unlike the drop three days ago, which was the largest intraday drop in 6 and a half years, today’s traditional market slump has not correlated with the crypto markets as strongly.
While Bitcoin (BTC) had dropped below $7000 on Feb. 5 when the Dow Jones had dropped about 1,100 points, Bitcoin is now trading at around $8,219.12 according to Coin Market Cap, up 6.08% over a 24-hour period by press time.

Meanwhile this MAGA issue persists bigly: The Senate’s Official Scorekeeper Says the Republican Tax Plan Would Add $1 Trillion to the Deficit
https://www.nytimes.com/interactive/2017/11/28/us/politics/tax-bill-deficits.html

The DOW has been around for many many years now and people trust it to perform well and are also aware of its cyclical nature. When things turn south there's not nearly going to be the same level of panic in the crypto market and so any price crash won't be magnified to the extent it was in the crypto market.

[2stout]

This is yet another reason why crypto continues to gain viability and one of the main reasons crypto was created in the first place.

[Milamol]

I watching a week on the stock market fall. This is already beginning to resemble the beginning of the crisis. Perhaps the crypto currency market will take win - some of the big money from the fondmarkets will start serious invest.

And here's fun: 1986 - 1998 - 2008 - 2018 )))