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Bitcoin Is Finally Breaking. Why That’s Good News for the Stock Market.

·3 min read
Bitcoin Is Finally Breaking. Why That’s Good News for the Stock Market.
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A cryptocurrency crash has already wiped out $600 billion in digital asset market value over the past week. With the declines in crypto outpacing those in stocks, Bitcoin may actually be a bellwether for capitulation among investors—that point when the market can really find a bottom, according to analyst Barry Bannister at Stifel. “We monitor several factors which we believe will mark the capitulatory low for stocks,” Bannister said in a Wednesday note.