3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses

[Tanimariya]

Experts are anticipating a stock market crash in the near term. Bitcoin may follow suit due to three main factors.
Experts in the financial market and the crypto industry foresee a major stock market correction unfolding in the short term. Given the high correlation of Bitcoin (BTC) with stocks observed in the past three months, there is a strong possibility that Bitcoin could follow suit.

The United States stock market has seen extreme volatility after the Dow Jones Industrial Average dropped by around 7% on June 11, led by double-digit drops of airline stocks. A confluence of three factors is seemingly triggering sizable volatility in the stock market: uncertainty around the COVID-19 pandemic, institutions moving to cash and bonds over stocks, and major geopolitical risks.
Read more information: https://cointelegraph.com/news/3-reasons-why-bitcoin-price-could-crash-if-us-stock-market-collapses