Fund managers dump US stocks at record pace — Can recession fears hurt Bitcoin?
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Fund managers are selling US stocks at a record pace, raising concerns about potential impacts on Bitcoin, which has been closely correlated with US equity markets like the Nasdaq and S&P 500.
March 19, 2025 | 1:15 pm
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Bitcoin's price has been closely correlated with US equity markets, particularly the Nasdaq and S&P 500. With fund managers selling US stocks at a record pace, there is concern that Bitcoin could also be negatively impacted.
Bitcoin has shown a strong correlation with US equity markets. The current trend of fund managers selling US stocks could lead to a similar downturn in Bitcoin prices due to this correlation.
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IMPORTANCE 70
RELEVANCE 80