Why does the bitcoin price seem to follow the stock market?
When the internation stock marker fell from the prblems with china's economy, why did it have such an affect on the bitcoin to force ti to fall by £50 (around $80)
Normally it shouldn't have followed it. Bitcoin should have exploded upwards on such news. The thing is, that the stock market crash has coincided with the mess about the XT fork and the apparent Bitfinex bug. These 2 events have pulled the Bitcoin price down in the last 10 days.
The stock market crash all around the world has actually maybe even saved Bitcoin from bigger drop I prices, although we can't never know this.