I noticed an interesting pattern in the market. Cryptocurrency is now moving in sync with tech stocks and gold — all of them are losing ground. Previously, such correlation was not so clearly visible, but now Bitcoin is clearly correlated with Nasdaq. When tech stocks fall, cryptocurrency drops along with them.



This changes the trading dynamics. Previously, cryptocurrency was considered an alternative asset, but now it moves like a regular risky asset. Gold is also in the red, adding pressure to the entire sector. It seems investors are overestimating risks and withdrawing capital from risky assets simultaneously.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin