Goldman Sachs Bear Market Indicator Reaching New Highs for Stock Market-1.23

Cryptocurrency, Goldman Sachs, Stock Market–While investors respond to the upcoming Bitcoin Cash hard fork, the majority of the market continues to anticipate news surrounding the approval of a Bitcoin Exchange-Traded Fund by the United States Securities and Exchange Commission, a move that could signal the entrance of large capital institutional investors.

Last week, EWN covered a report by Bloomberg that the lack of interest was behind Wall Street’s slow burn effort to get involved in cryptocurrency. However, a falling and uncertain stock market could pave the way for greater crypto recognition as investors look to get out of the traditional markets and into the increasingly price stable landscape of Bitcoin.

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