Days like this are a reminder that Bitcoin still trades as a high-beta Nasdaq 100 play most of the time.
When the Nasdaq drops more than 1.5% in a day,
• Bitcoin has a 75% chance of posting a negative return.
• On average, Bitcoin falls –2.4%.
So it’s no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.

Twitter

In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and resonated widely on Twitter, directly pointing to the casino-like nature and nihilistic tendencies of cryptocurrencies.

Deep Reflection: I Wasted Eight Years in the Crypto Industry

K33 Research analyst Vetle Lunde stated in his latest assessment that December could be a critical turning point for the cryptocurrency market.
According to Lunde, the current market structure suggest...

Analysis Firm Says “December Is a Turning Point for Bitcoin,” Predicts What Will Happen Next

Bitcoin’s BTC$88,891.00 recent slide may feel ominous, but K33 Research analyst Vetle Lunde says December could mark a turning point for the cryptocurrency. After its steepest correction since the las...

Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research

Over the past few weeks, Bitcoin’s weakness hasn’t been fully justified by fundamentals.
Financial conditions remains loose, risk-on assets have been printing new highs, and ETF flows haven’t shown any persistent outflows.
In short, Bitcoin has been underpriced relative to the