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via CoinDesk · By CoinDesk Staff

Why bitcoin's (BTC) disconnect from record-high stocks won't last

BTC

BTC/USDT

$62,742.00
+0.40%
24h Volume

$8,729,989,910.97

24h H/L

$63,461.99 / $62,436.59

Change: $1,025.40 (1.64%)

Long/Short
61.7%
Long: 61.7%Short: 38.3%
Funding Rate

+0.0042%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$62,726.97

-0.66%

Volume (24h): -

Resistance Levels
Resistance 3$67,369.22
Resistance 2$65,853.85
Resistance 1$63,135.55
Price$62,726.97
Support 1$62,398.28
Support 2$60,639.83
Support 3$57,800.19
Pivot (PP):$62,769.19
Trend:Downtrend
RSI (14):48.3
CS
CoinDesk Staff
(04:00 PM UTC)
1 min read
DK
Approved byDavid Kim
1023 views
0 comments
(Getty Images)

Bitcoin's BTC$62,850.27 lackluster performance this year has puzzled investors.

Despite record highs in equities, the world's largest cryptocurrency has struggled to regain momentum while U.S. technology stocks have surged on enthusiasm surrounding AI as it currently trades just below the $62,000 mark, down over 50% from its peak price in October.

Two new outlooks from asset managers…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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