It’s been impossible to ignore.
I’m sure you’ve noticed it.
Equity markets have been selling off hard, while Bitcoin and crypto have been flat.
The primary driver of Bitcoin and crypto price action, more generally, has been the tight trading correlation to legacy markets. In fact, the two have been trading tick-for-tick over the last year now.
So Bitcoin’s volatility in the face of the recent risk-off action in equity markets has our attention.
But is this a new trend? Is Bitcoin finally going to decouple here, or is this just a temporary bout spurred on by unique conditions?
Members of ASC Crypto can log in to access today’s note. Please sign in or start your risk-free 30-day trial today.
Lost Password?