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Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day Average

Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets.

By Omkar Godbole

Updated Dec 5, 2022, 5:53 p.m. Published Dec 5, 2022, 7:51 a.m.

Crypto winter keeps bitcoin from tracking traditional risk assets higher. (Gimono/Pixabay)