norok

Crypto Correlation Continues with the Stock Market

BITFINEX:BTCUSD   ビットコイン/米ドル
As I have noted in recent posts... during the US trading hours cryptocurrency price action follows a highly correlated pattern. They move almost in step with one another as risk assets that are speculating on interest rate changes of the future.

I have always lamented this occasional correlation as crypto SHOULD BE an uncorrelated asset class.

"Be to others the person you needed to meet 10 years ago"

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