CNBC reports Bitcoin underperforming the S&P 500 this month, but BTC up 111% this quarter78

According to CNBC’s Fast Money, Bitcoin has been underperforming the S&P 500 since the beginning of June, losing just under 4 percent of its value against the USD. CNBC’s observation, however, turned out to be a significant turning point for BTC, which jumped almost 5 percent after the tweet was posted.

Following a whole month of being stuck in a very tight trading range, Bitcoin has managed to break through the $8,000 mark on June 10th.  And while it failed to hold that price point for longer than a few minutes, the brief venture proved to be more important than one might think.

Original source
https://cryptoslate.com/cnbc-reports-bitcoin-underperforming-the-sp-500-this-month-but-btc-up-111-this-quarter/

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