Higher Correlation Between Stocks and Bitcoin May Hurt Crypto Market, Analyst Says
The discussion of an existing correlation between stocks and Bitcoin continues.
Having been found to move in tandem during short periods, both asset classes have experienced gains in 2017 and losses in early 2018. Their common ground, however, may boil down to sentiment.
Correlation Between Stocks and Crypto Only Found over Short-Term
Traditional assets, such as stocks, and more novel assets, such as cryptocurrencies, may sometimes perform similarly during short periods of time as inve
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