So What’s The Deal With Bitcoin, Cryptocurrency Prices?

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The Street

By Rob Lenihan The crypto market is showing the highest positive correlation with stock indexes ever in history, one analyst says. It doesn’t seem that long ago. On Nov. 10, 2021, bitcoin reached its all-time high of $69,044.77. On that same day, the Dow Jones Industrial Average finished down 112.24%, or 0.3% But things changed rapidly and as of Monday, May 9, bitcoin was down nearly 5% to $33,001 at last check. The price is off 14.4% from 7 days ago and down a stunning 52.4% from that day in November. Ethereum was down 6.4% to $2,407.97 and off 15% for the week. The cryptocurrency is down 38….

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