Bitcoin rose 7 percent early on Monday, even as the “risk-off” mood returned to traditional markets. The top cryptocurrency by market value picked up bids near $5,850 and rose around $500, indicating bitcoin may finally be decoupling from the larger financial ecosystem. "Barring any further cataclysmic shocks to the economy, I expect BTC will rally faster and harder than public markets," Jehan Chu, co-founder and managing partner at Kenetic Capital, said. Decoupling shuffle
Other readings are less optimistic. After news broke of the U.S. Federal Reserve's $2 trillion stimulus package, the Dow Jones Industrial Average is up 23 percent and the S&P500 index has gained around 20 percent, ending “the shortest bear market in history.” Bitcoin, however, has shown resistance near $6,900, presenting a significant bullish hurdle for the world's bellwether cryptocurrency. Bellwether blues?
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