MARKET WRAP: Bitcoin $BTC was roughly flat on Monday, compared with a 26% pump in $DOGE. Will markets stabilize? Here are some key metrics.
Performance across cryptocurrencies were mixed on Monday as investors braced for additional market risk.China’s latest COVID-19 outbreak
Typically, investors reduce their exposure to speculative assets, such as stocks and cryptos, when faced with high uncertainty. So far this year, the S&P 500 is down about 12%, compared with a 17% decline in bitcoin . Meanwhile, gold, a traditional safe haven asset, is up 3% over the same period, albeit down 8% from its recent peak in March.newsletter explaining what happens in crypto markets – and why.
Meanwhile, dogecoin rose by as much as 26% on Monday after Twitter accepted a takeover bid from Tesla's CEO Elon Musk.
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