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Bitcoin’s Correlation To Equities Has Come Back, Says Research Director Of The Block

Tracy CHEN

Summary: Bitcoin’s correlation to equities has come back since gone for almost two months.“It’s just like clockwork again after that 6% drop last week,” says Larry Cermak, Research Director of The Block.He added: “Weird time for those that are bearish on equity and bullish on BTC/ETH. Because now you have to assume that more uncertainty will ...

Bitcoin’s correlation to equities has come back since gone for almost two months.
“It’s just like clockwork again after that 6% drop last week,” says Larry Cermak, Research Director of The Block.
He added: “Weird time for those that are bearish on equity and bullish on BTC/ETH. Because now you have to assume that more uncertainty will also affect cryptocurrencies (in the) short/mid term.”

Tracy Chen