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S&P 500 and Nasdaq Break Above 200-Week Average in BTC Terms for First Time Since 2012
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News EditorBitcoin-denominated S&P 500 and Nasdaq indexes have broken above their 200-week moving average for the first time since 2012, according to CoinDesk. The level had previously capped each round of stock gains relative to BTC. The shift suggests the parabolic phase of Bitcoin's rise against US equities may have ended. Odaily carried the newsflash, citing CoinDesk.
Bitcoin-denominated S&P 500 and Nasdaq indexes have broken above their 200-week moving average for the first time since 2012, according to CoinDesk.
The level had previously capped each round of gains in stocks relative to BTC. That shift suggests the parabolic phase of Bitcoin's advance against US equities may now be over.
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