The key to the stock market rebounding next week may lie with how well bitcoin performs over the weekend, according to technical analyst Katie Stockton. "Bitcoin has been a bit of a leading indicator of risk appetite. If we see bitcoin bottom, it would be a short-term positive for equities," Stockton, founder of Fairlead Strategies, told CNBC's "Squawk Box" in an interview on Friday. "If it doesn't, that's even worse." Stocks don't trade on weekends, but bitcoin trades 24/7 and a crypto stabilization over the weekend may signal the risk-off attitude currently gripping financial markets is easing. BTC.CM= 1M bar Bitcoin 1-month chart Bitcoin got crushed this week, dropping 11%. The crypto was off its lows early Friday but still in a downtrend. The move this week appeared to lead equities lo
Watch bitcoin over weekend to see if stock market will bounce next week, says Katie Stockton
CNBC Investing2 hrs ago
128


Yuma Sun
RadarOnline
Raw Story
New York Post