BITCOIN (BTC)

OMG: Bitcoin Drops Following Dow’s Best Streak Since 2017. It’s Not Good for Cryptos

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“Bitcoin BTCUSD +0.36% and other cryptocurrencies suffered a sharp decline on Friday, extending their underperformance in comparison to the stock market, raising concerns about the general sentiment surrounding the crypto industry,” the Wall Street Journal reported”

In its longest winning streak since 2017, the Dow Jones Industrial Average increased for the ninth straight trading session on Thursday.

163 points, or 0.5%, were added to the Dow. While the Nasdaq Composite plummeted 2.1%, the S&P 500 dropped 0.7%.

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