2021-09-13 15:49:06
News:
Bitcoin is very correlated to the S&P 500. Inflation is affecting the American markets a lot, which has caused the markets to fall.
In addition to these fears, the US stock market will also be influenced by corporate earnings releases. Some important companies are expected this week like IBM, Netflix, Johnson & Johnson, Coca-Cola, Verizon and Intel, but it will be especially next week that the publications will become significant, since the equivalent of 50% of the market capitalization of the S&P 500 will publish its results. Aside from Amazon, GAFAMs will release their results next week as well as Tesla, McDonald's, AMD, Visa, PayPal, Pfizer, Mastercard, Comcast, ExxonMobil and Procter & Gamble.
In my opinion if Bitcoin hits $ 40,000, it could pick up again towards $ 50,000 easily.
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