Frightening Development For Bitcoin (BTC)

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A part of CNBC’s Fast Money program, where Brian Kelly was a guest, was shared on Twitter. The cryptocurrency community, which saw CNBC as a negative effect for Bitcoin (BTC), reacted to this situation.

BKCM CEO Brian Kelly participated in CNBC’s “Fast Money” program. Part of the program was shared on Twitter. There was a reaction from many people, including important names in the cryptocurrency community. The reason for this is that CNBC is considered a negative indicator for BTC.

The Relationship Between CNBC and Bitcoin

Popular analyst Jacob Canfield published a graph in 2018 showing the inverse correlation between CNBC’s tweets and Bitcoin’s movements. According to this chart, CNBC is causing Bitcoin to fall.

Late yesterday, Bitcoin surged to a 2020 high of $ 16,494 on Bitstamp before closing some of its recent gains. The cryptocurrency saw its highest 13-day closing ever on November 12. After these gains, CNBC tweeted such a tweet worried the community. For example, analyst Benjamin Bluntz said, “That’s exactly what I wanted to see when starting to make money. Thank you ”. Josh Rager was also among the names that reacted to this situation.

See Also
Miners, Gaps and Giant Short Signals: 5 Factors That May Affect Bitcoin (BTC) Price Movement This Week!

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