Bitcoin finally decoupled from U.S. stocks. Here’s why it matters

For more than two years, bitcoin and stocks often traded in tandem with each other but maybe no longer.

For most of cryptocurrencies’ history, the assets... For more than two years, bitcoin and stocks often traded in tandem with each other but maybe no longer. For most of cryptocurrencies’ history, the assets were not correlated with U.S. stocks, noted Morehead. During the first nine years of the existence of bitcoin, which was created in 2009, correlation between the crypto and the S&P 500 was 0.03.

Part of the reasons was market participation from “all of the excessively-leveraged centralized entities,” according to Morehead.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market outlook: Inflation drop to power S&P 500 rally this weekInflation is about to show a big drop and investors should load up on stocks ahead of this week's CPI report, Fundstrat says
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Citi downgrades U.S. stocks, sees S&P 500 pull back 9% to 4,000Strategists at Citi downgraded U.S. equities after a strong first half of 2023, saying an economic slowdown will weigh on company earnings.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »