Crypto Is More Correlated With Tech Stocks Than Ever How Do We Decouple?

-Bitcoins price has tracked blue chip tech stocks such as Apple, Amazon and Microsoft all year.

-The recent market downturn has only strengthened that correlation.

-Nearly $240 billion has been wiped from crypto markets since Friday as the macro headwinds weighing on digital assets intensify.

-Crypto and equity markets are increasingly correlated, particularly with tech stocks.

-What will it take to see crypto actually decouple from tech stocks?

-David Nage, portfolio manager at crypto investment firm Arca, told Blockworks it might take full capitulation.

bitcoin 3 Crypto Is More Correlated With Tech Stocks Than Ever How Do We Decouple?
Crypto Is More Correlated With Tech Stocks Than Ever How Do We Decouple? 2

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