How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000


$ 118,010.4
€ 101,294.7
¥ 38,800.0
£ 87,130.7
BTC
-4.04 %
$ 4,541.09
€ 3,897.43
¥ 1,492.93
£ 3,353.46
ETH
-3.80 %
$ 245.61
€ 210.54
¥ 80.99
£ 181.17
XMR
-2.54 %
$ 121.53
€ 104.34
¥ 39.97
£ 89.78
LTC
-6.19 %

The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price.