Crypto markets move in opposite direction to Nasdaq on previous day...Mt. Gox impact possible

“There is a perception that crypto markets generally move in line with equity markets, but this was not the case on Friday (local time),” said Adam Button, an analyst at ForexLive, an online forex media outlet. This may have been related to the distribution of Mt. Gox redemptions,” said Adam Button, analyst at ForexLive. “The US Nasdaq Composite Index is back to its pre-Black Monday level of July 31st. The rally in the Nasdaq was driven by interpretations of strong global economic growth, as well as increased interest in artificial intelligence (AI).”