Bitcoin Decouples From The Nasdaq Ahead Of Fed Meeting Today

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The bitcoin price enters green territory on Tuesday and decouples from the Nasdaq index as tech stocks extend losses ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting.

Bitcoin recovered quickly from a sharp drawdown on Monday as markets around the globe turned red in a unisonous risk-off movement. As BTC gains prestige among mainstream investors, mainly institutional players, the asset has increasingly been performing in close correlation with “risky” assets that largely thrived in a liquidity-rich environment of quantitative easing.

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