
Cryptocurrencies continue to expand as emerging currency. — Dan Kitwood/Getty Images/TNS
Bitcoin dropped to a three-month low recently and its movement has closely mirrored financial markets in its decline.
Bitcoin bulls often describe it as an asset that is uncorrelated to traditional financial markets, CNBC reported, however experts have noticed growing parallels in the price movements of bitcoin and stocks.
Already a subscriber? Log in
Subscribe now and get 30% off The Star Yearly Plan
Cancel anytime. Ad-free. Unlimited access with perks.