Amazon released their earnings at 4:00 PM EST (45 minutes ago), and the Bitcoin price pumped 2% the minute it came out. Amazon earnings have nothing to do with Bitcoin, I think it's funny how trading algos are creating this correlation.
I get why Bitcoin would be correlated with central bank policy, but having such strong correlations with random tech stock earnings seems strange to me. I guess this is what institutional adoption looks like. They are going to set their algos to long and short bitcoin based on things happening in their own world in traditional finance, even if it's completely unrelated to the fundamentals of Bitcoin.
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