S&P Downtrend - Crypto still Up

5 באוק׳ 2021

S&P rolled over into a downtrend starting late August. We're currently under the 50D MA and fighting the bull market support band (Ben Cowen's from Into the Cryptoverse). If we break the BMSB look to the 128D MA for potential support. I find it interesting crypto appears untethered from the equity market at the moment. The total crypto market capitalization seems a bit small to completely decouple IMO. If the S&P tanks expect some short-term pain to reverberate into crypto.