Analysts at BitMex said bitcoin's recent performance was worrying - it reacted violently to negative news from traditional markets, but was lackluster when positive macro news arrived. To navigate this uncertain environment - consider focusing on trading cryptocurrency trading pairs rather than dollar-based trading pairs. This strategy can help mitigate the risk of macro impacts and allow you to take advantage of the relative strengths/weaknesses of the crypto market. This week, bitcoin has underperformed the Nasdaq by more than 7%, with a surprising sell-off during Thursday's U.S. trading session.