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Are Cryptocurrencies Closely Tracking the Broader Markets?

Are Cryptocurrencies Closely Tracking the Broader Markets?

All the significant cryptocurrencies once again witnessed a down day on March 22, 2018, following the same trend in the equities market. Bitcoin was trading at $8,546, down almost 4% in the past 24 hours. Bitcoin’s RSI (relative strength index) has fallen to 42, and its volatility is ~75.1%.