Bitcoin’s move against U.S. stocks today may be related to crypto market concerns about the liquidation and distribution of Mt. Gox

Adam Button, an analyst at financial website Forexlive, believes that the encryption market is usually the leader in stock market sentiment, but this is not the case today. Bitcoin prices fell 3%, but stocks were at the day's highs, with the Nasdaq 100 up 2.5%. This disagreement may be related to the crypto market’s concerns about the liquidation and distribution of Mt.Gox. Regardless, the Nasdaq is now almost back to its July 31 closing level. At that time, the Fed's decision caused the Nasdaq to rebound sharply, but then a brutal global collapse occurred. The rebound of the Nasdaq since last Monday is very significant, especially compared with the intraday low on August 5. The Nasdaq has risen by 12% since then. For most fund managers, this is a rich year. Return. Part of the reason behind this rebound trade is the renaissance of artificial intelligence trading, but it is mainly due to renewed confidence that global economic growth is in good shape.