Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says

Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says

“We say this because the two-year Treasury yield, which has been a reliable indicator of the market’s direction all year, is, in fact, moving in line with BTC and ETH, while the S&P 500 and Nasdaq have rallied away,” QCP said in Monday’s market update.

Originally Posted on: https://www.coindesk.com/markets/2022/12/06/stocks-have-overshot-fundamentals-crypto-trading-firm-qcp-says-as-bitcoin-underperforms-sp-500/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Omkar Godbole

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