Bitcoin Holding Above ‘Remarkable’ as Equities Take a Hit

Bitcoin (BTC) has held firmly above the $26,000 level this week despite sharp sell-offs.

The largest crypto asset by market capitalization changed hands at around $26,500.

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Composite Index for Bitcoin (BTC) plunged 2.7% and 3.2%, respectively.

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The analytics firm noted the potential reasons behind the stability that BTC’s correlation.

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The number of long-term holders – HODLers in crypto slang – are near an all-time high.

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The benchmark for U.S. stocks, the S&P 500, and the tech-heavy Nasdaq IntoTheBlock.

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Though it's unclear how long bitcoin's outperformance will last in a worsening macro environment.

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Bitcoin (BTC) climbed to as high as $27,400 ahead of the Federal Reserve meeting.

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