There’s a wry humor in the fact that Bitcoin has at times been very closely correlated with traditional markets.
Bitcoiners generally prefer that BTC not have a high correlation with traditional assets, like stocks and bonds. After all, one of the core tenets of the world’s largest cryptocurrency by market capitalization—$379 billion as of this writing, according to CoinGecko—is that it bypasses traditional finance.
That’s why self-avowed Bitcoin fans, like Gemini co-founder Cameron Winklevoss, take note when it seems that BTC has stopped following stocks and bonds.
“Bitcoin has been remarkably resilient the past few weeks despite the stock market losing trillions in value,” he tweeted earlier this week. “No idea if this is the bottom but there’s been a curious decoupling.”
Bitcoin has been remarkably resilient the past few weeks despite the stock market losing trillions in value. No idea if this is the bottom but there's been a curious decoupling. Are folks starting to re-examine...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...