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Stock Markets have just hit a lower low, not capable of taking the January bottom as support. Crypto is holding up relatively well in comparison to that.

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by COINS NEWS 142 Views

In todays stock market news we have seen the April fallout continue into May as stocks have finally breached the previous January bottom and now made a lower low. This is equivalent to Bitcoin's 34k bottom but as we can see we are at 38k right now, seems like Crypto is holding up better than the stock market right now.

This comes after there has been a lot of speculation that Crypto and the Stock market are too collerated and that Crypto needs to decouple to do anything significant. Seems like Crypto has made its decision to not follow the Stock market everyday. This further strengthens the point that the bottom is in for Crypto, which seemed unlikely looking at the macro economic situation.

Crazy world indeed where Crypto is holding up better than the Stock Market and previous days also Gold (down 2% today, that a LOT in goldish). I don't want Crypto to be like a Stock nor for it to be like Gold. Crypto should be Crypto.

submitted by /u/partymsl
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