It’s been half a year since the US-Iran tensions have stirred up the financial markets, and gold, silver, and Bitcoin’s performance has fallen so badly it’s hard to look at.



The current crypto market has become quite complicated—US stocks, crypto, gold and silver, and crude oil. You can say they’re linked; sometimes they move together. But you can also say they’re not—each still follows its own trend.

As for US stocks? They go up one day and down the next. The most infuriating part is the Nasdaq, which is steadily moving forward into new highs.

According to normal logic, US stocks move in proportion to the US dollar. When US stocks rise, Bitcoin falls. Tonight US stocks are up, so I’m treating it with normal thinking—I’m bearish on Bitcoin. $BTC
BTC-0.35%
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