Crypto markets remain flat as stocks fall

The price of Bitcoin is holding strong at just above the $30k mark this morning, roughly flat over the past 24 hours.

It means the largest cryptocurrency stays close to the middle of the price range it’s been stuck in for much of the past month between $28k and $31,500. What will it take to break out of the cycle?

It’s a similar story for other major cryptocurrencies too, with only Cardano registering a gain above one per cent this time yesterday.

As noted yesterday, crypto markets and equities have been moving in different directions recently after being closely correlated in their performance for much of the year. The trend seems to be continuing, though in a more positive direction for crypto than last week when crypto was falling as stocks went up.

The S&P 500 and Nasdaq both saw drops of about one per cent yesterday.

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