Bitcoin
Bitcoin Stocks Correlation Surges After Decoupling from Wall St Amid FTX Drama
A record Bitcoin stocks correlation in Dec after a sharp reversal during the FTX collapse should boost investor confidence in BTC.
While the BTC price cratered over Alameda-FTX and Genesis-Gemini news, it decoupled from the S&P 500 Index and NASDAQ Composite. But after crypto exchange markets priced in the news, they were ready to rally with equities.
Because of the Bitcoin stocks correlation, the price on crypto exchange markets moves in tandem with tech stocks like Tesla (NASDAQ: TSLA).
A record Bitcoin stocks correlation in Dec after a sharp reversal during the FTX collapse should boost investor confidence in BTC.
While the BTC price cratered over Alameda-FTX and Genesis-Gemini news, it decoupled from the S&P 500 Index and NASDAQ Composite. But after crypto exchange markets priced in the news, they were ready to rally with equities.
Because of the Bitcoin stocks correlation, the price on crypto exchange markets moves in tandem with tech stocks like Tesla (NASDAQ: TSLA).
