Bitcoin Is Doing Worse Than Major Equity Indexes The Past Month

Rupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added.

The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while the European and U.S. markets are tanking.