"If the bitcoin price does not make it above the $30K level, investors are likely to see a continuation to the down side. What is the bitcoin correlation to the stock market and interest rates? I am not bearish or bullish on crypto right now," says Scott Bauer. Will bitcoin's correlation to the Nasdaq break at any point? "The stock market continues to decline with vicious rallies. There is a disconnect with the VIX or the Volatility Index," Bauer adds.
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