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Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes

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Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes - NewsBTC

Quick Summary:

The crypto reporter explained that investors can never discount the impact of the macroenvironment on Bitcoin, saying, "Everything that’s happening to stocks that knocks on crypto too.” Nicolle described Bitcoin as "very risk-on assets.” "So, when there’s turmoil happening in the S&P 500, you’re going to see that in Bitcoin as well.

Very Risk-On Asset’ Nicolle said in a Bloomberg TV interview that the current movement in Bitcoin is highly correlated with the changes in the macroeconomic landscape, adding that anything that happens on Wall Street could affect the cryptocurrency.

Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-01 @ 18:30:24 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26552733

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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