shutterstock 492592159 1 The Ukraine war has shown that cryptocurrencies are no hedge against equities

The Ukraine war has shown that cryptocurrencies are no hedge against equities

– The recent sell-off in the global stock markets has mirrorred a sell-off in cryptocurrency prices, indicating that digital coins may not be a particularly reliable asset during economic uncertainty.

– The instability of TerraUSD (UST) prices last week aggravated the recent sell-off.

– A strong correlation with equities suggests that investors are now treating cryptos as another speculative investment.

– The decline in cryptocurrencies is even more severe than the one in stock markets, with bitcoin prices falling by 26% in the past month.

– Some believe that the current dip presents a good buying opportunity for investors, while others think that crypto holders need to “HODL” for long to see the benefit.

 

 

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The Ukraine war has shown that cryptocurrencies are no hedge against equities 3

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