- Santiment revealed that the next week will indicate whether the cryptocurrency market is still linked to the equities market.
- According to the post, the S&P 500 rose more than 6% while BTC and ETH traded flat.
- BTC and ETH posted 24-hour gains of 1.12% and 2.03% respectively.
Santiment revealed in an X post earlier today that the next week will indicate whether the cryptocurrency market is still tied to the equities market or whether the digital asset market will enter into a bull run. According to the post, the S&P 500 index had a big week after the cryptocurrency market leaders Bitcoin (BTC) and Ethereum (ETH) cooled down.
The #SP500 had a big week after #Bitcoin & #Ethereum have cooled down. With the sectors now each having their 'time in the sun', this next week will indicate whether #crypto is still tied to #equities, or whether assets can prepare for a #bullrun. https://t.co/R9moWBoqCx pic.twitter.com/FNddr1T8PM— Santiment (@santimentfeed) November 4, 2023
Since the S&P 500 index jumped more than 6% in the past 4 days while the leading cryptocurrencies traded flat, the coming week will reveal if the digital asset sector can finally rid itself of it…
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