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On the morning of September 27th, bitcoin, the largest cryptocurrency by market cap, unexpectedly added about $1,300 to $20,300. On the evening of the same day, the price fell 5.48% in less than an hour.
After that, the main cryptocurrency set an intraday low of $ 18,935 on the Bitstamp exchange, having lost all the profits received during the day.
It seems that while the words of experts about the disappearance of the correlation between cryptocurrencies and stocks do not pass the test of practice.
In September, Bitcoin fell by 4.47%, while the July loss was 13.5%. As of Tuesday evening, BTC was down about 72.28% from its all-time high set last fall.
#September #bitcoin #rose #fell