Crypto Recap Jan 24: Bitcoin Tracks Stocks, Hashrate Hits New High

In this video, Axel discusses the latest developments in the cryptocurrency market. It does this using reporting and technical analysis. This way you will be up to date with the latest major crypto-related events within minutes. It’s time to take a look at the latest news.

In the video above, Axel informs you within a few minutes about all kinds of news and developments in the cryptocurrency market. This time Axel will talk about Bitcoin hashrate. Computing power, which is very important for Bitcoin mining, reached a new high. You can see what that means in today’s video.

In addition, Axel will talk about the correlation between Bitcoin and stocks. It seems that Bitcoin is following the stock.

Bitcoin follows stocks

Bitcoin price follows the trend of the S&P 500, the stock index of the 500 largest US companies. The price of this index is at a crucial time: retesting a key trendline that the price has not risen in over a year.

In summary, it can be said that the trend of the stock index is still downward. But, as indicated, that could change today. You can see more about it in the video!

always stay informed

Curious about the rest of today’s crypto news? Then quickly click the play button on the video above!

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