Coin Gabbar Token

<h2 id="header-0">Despite a strong pullback in the US equity markets on Thursday, September 29, Bitcoin (BTC) and the broader crypto market have remained rock solid with little volatility. At the time of writing, Bitcoin price was trading at 0.51% down at $19,491 with a market valuation of $372 billion.</h2>On the weekly chart, the <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin price</a> has fluctuated by less than 1% and has been holding up pretty well. At the same time, the S and P 500 experienced a significant drop on Thursday, falling more than 2.4%. As a result, what we are seeing today may be the first indicators of Bitcoin&#39;s long-term decoupling from the US equities market. According to on-chain data provider reports:“Today, Bitcoin price is trading at $19,426 while Ethereum price is trading around $1,331. The news is that they are doing so despite the fact that the S and P 500 is down 2.4%. If the <a href="https://www.coingabbar.com/en/crypto-currency-news-english/top-cryptocurrency-news-will-bitcoin-decouple-stocks-expert-prediction-2" rel="noopener noreferrer nofollow">correlation between crypto and equities</a> is weakening, this is quite positive.”As we all know, central banks around the world are trying to deal with current macroeconomic circumstances. In the midst of its quantitative tightening efforts, the Bank of England has shifted to money printing to protect its bond market.Legendary investor Stanley Druckenmiller remarked at a conference on Wednesday that crypto might see a comeback as the faith in the central bank dwindles. The investor believes that the US economy is already in trouble and that a recession is more likely by 2023.The investor stated that “he does not own any cryptocurrency but noted that with central banks tightening, it is difficult for me to do so.” According to Sven Henrich, the founder of NorthmanTrader, a market research group, “We&#39;ve reached a historic point in history where Bitcoin (BTC) is suddenly less volatile than fiat currencies.”Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news-english/meta-allows-nft-sharing-instagram-users-us" rel="noopener noreferrer nofollow">META Allows NFT Sharing For Instagram Users in the US</a>

Crypto Market Remains Stable Despite Drop In US Market

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