Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets

“Bitcoin performed similarly to tech stocks, but with a few idiosyncratic events, namely the forced sale by large institutions like Three Arrows Capital,” he told CoinDesk in a written note. “There is no indication that the crypto will stop moving in response to Fed policy decisions, although the upcoming Ethereum merger is one of the most significant events in recent crypto history.”

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