Analysis: Bitcoin's move against U.S. stocks today may be related to crypto market concerns over Mt. Gox liquidation and distribution

According to Adam Button, an analyst at financial website Forexlive, the crypto market is usually the frontrunner for stock market sentiment, but that is not the case today. Bitcoin prices are down 3%, but the stock market is at the high of the day, and the Nasdaq 100 is up 2.5%. This divergence may be related to the crypto market's concerns about Mt. Gox liquidation and distribution. In any case, the Nasdaq is now almost back to its close on July 31. At that time, the Federal Reserve resolution caused the Nasdaq to rebound sharply, but then there was a brutal global crash. The Nasdaq's rally since last Monday has been remarkable, especially compared to the intraday low on August 5. The Nasdaq has risen 12% since then, which is a good return for most fund managers all year. Part of the reason behind this rebound in trading is the nascent nature of artificial intelligence trading, but it is mainly due to renewed confidence that global economic growth is in good shape.