The cryptocurrency market showed signs of recovery early Tuesday, recovering from concerns over a potential oversupply due to the planned distribution of 140,000 BTC by current exchange Mt. enjoy The value of Bitcoin climbed back above $61,000, after falling to a low of $58,580 on Monday. Despite this, Bitcoin, often seen as a liquidity barometer for macro traders, has seen a nearly 10% drop this month. This contrasts with the 5% increase seen in Wall Street's technology index, the Nasdaq.
Bitcoin and Nasdaq diverging paths could potentially indicate tightening liquidity conditions in financial markets, which could be a bearish signal for the Nasdaq. Michael Kramer, founder of Mott Capital Management, suggested in his daily analysis that if Bitcoin is indeed an indicator of liquidity, its fall in value could be a sign of declining market liquidity. That, in turn, could portend a downtrend for the Nasdaq 100. Kramer also noted that this might not bode well for Nvidia, a company that has historically followed Bitcoin quite closely. Despite the recent recovery, the implications of Bitcoin's performance on the broader financial markets remain to be seen.
English 
Español de Venezuela 