Analysts at BitMex said bitcoin's recent performance was worrying - it reacted violently to negative news from traditional markets, but was lackluster when positive macro news arrived.
To navigate this uncertain environment - consider focusing on trading cryptocurrency trading pairs rather than dollar-based trading pairs. This strategy can help mitigate the risk of macro impacts and allow you to take advantage of the relative strengths/weaknesses of the crypto market.
This week, bitcoin has underperformed the Nasdaq by more than 7%, with a surprising sell-off during Thursday's U.S. trading session.
BitMex analyst: Recently, the crypto market has been greatly influenced by traditional finance, and it is recommended to focus on trading cryptocurrency trading pairs
2024-08-16 10:58:21
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