Archive: helium
Crypto Is No Longer a Non-Correlated Asset
By Vin Narayanan on May 13, 2022
Market Musings Crypto is in official bear market mode. Bitcoin briefly fell below $27,000 on Thursday. As of this writing, it’s down around 43% on the year and down about 60% from its all-time high of $67,802 last November. Ethereum dropped to close to $1,748 on Thursday. That’s down about 64% from its all-time high of just over $4,812 last November and down about 53% on the year. Altcoins are getting pummeled as well. Aave is…