Crypto coins exhibited exponential growth through the years, raising attention to the crypto space. There was no correlation between crypto performance and the conventional stocks of different commodities. However, all that seems to be fading into thin air from the recent activities and trends of digital assets.
The chief economist of Coinbase, a crypto exchange, has reported a change in the risk profile of crypto assets. According to the analysis from Cesare Fracassi, crypto performance is similar to those of stock commodities. This means that prices of crypto assets now share the same trend as stocks like pharmaceutical, oil and gas, tech, etc.
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Fracassi gave his observation on July 6 through a blog post. He stressed the 2020 global pandemic marked the increase of the correlation between the prices of digital assets and stock. In his explanation, Fracassi cited that Bitcoin returns gave more significant...
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