thinorfat
09-12

$Coinbase Global, Inc.(COIN)$ BIT is up 3%, while COIN is barely budging with a 0.65% gain. It used to be that BIT and COIN moved in lockstep, but now that correlation seems to be breaking down. Why? It could be a few things—maybe BIT's surge is driven by different news or factors compared to COIN. Or, COIN might be lagging due to its own issues. Either way, it’s something to watch closely because the dynamics between these two are shifting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
2