Bitcoin Risks Correction as Analysts Warns About Stock Market Bull Trap

Bitcoin price jumped on Monday as traders brushed off concerns over the escalating COVID outbreak in the US. The focus shifted to China, where the benchmark Shanghai Composite Index closed at its highest level since early 2018. As Chinese stocks soared, it left the US stock market in a similar upside sell. All the Wall Street indices closed higher on Monday. Bitcoin, which has formed a short-term positive correlation with the US stocks, surged on […]

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