Markets· ★★★· neutral·

Bitcoin stalls near $87,000 as Wall Street hits record highs

  • —Bitcoin holds near $86,000 as sell orders at $87,000 cap upside
  • —S&P 500 gains 0.8% to 7,835; Nasdaq 100 reaches 31,312
  • —BTC-S&P 500 correlation rises to 0.51, highest since early June
  • —Nearest support sits at $83,500, the 21-day moving average
Why it matters: Rising correlation with equities makes bitcoin more sensitive to macro data and Fed rate expectations.
#BTC
Source: Coin Türk
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