Today we had another day of the stock markets overreacting to news we knew from months back. SP500 even went to make new yearly lows on that but impressively Crypto was the one asset-class holding up very well today, even if with a lot of volatility. Showing its decrease of correlation to stock markets.
In the intraday you could see, that stocks were down about 2% while Bitcoin just down 0.69%. Even now BTC is up again while stocks still struggle. Obviously I don't say that Crypto is a hedge against anything yet or so. This just shows that Crypto has became less correlated with the stock markets now.
That's even more fun like that. If you look at the chart you can see that we had way more volatile days in the past week and that's better than just crabbing I would say... What do you guys think?
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