Bitcoin Hits $50K; What’s Driving The Surge?

Published by
ValueWalk

Today, CoinDesk, the leading resource for crypto research & data, published their highly anticipated Q3 Market Report outlining the trends driving the digital asset markets, focusing on Bitcoin, Ethereum, DeFi, and more. In all, assets generally performed well, scaling projects on Bitcoin and Ethereum thrived, institutions started paying even more attention, and politicians flexed their regulatory muscle. Q2 2021 hedge fund letters, conferences and more Key Findings:$BTC became less correlated with other macro assets like gold, bonds, and the S&P 500. It could serve as an exciting tool to hedg…

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