Archive: non-correlated asset

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Bitcoin has historically been a non-correlated asset. Over the last 12 years or so, bitcoin has not moved in tandem with the stock market.  But this year, that relationship changed. Bitcoin seems to be moving in lockstep with the broader markets.  But why? And is this correlation going to end anytime soon? In this episode of Crypto Monitor, Vin Narayanan and Allison Brickell answer these questions and more. Topics include crypto’s status…

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…