Citi: Correlation between equity markets, Bitcoin weakens following FTX collapse

2022/11/14 13:27

According to CoinDesk, there has been a clear weakening of the correlation between the S&P 500 equity index and bitcoin (BTC) as crypto markets suffer after the FTX and Alameda collapse, Citi (C) said in a research report last week. The S&P 500 gained almost 6% last week, whereas bitcoin fell around 20%. Traditional financial markets have been largely unaffected by the collapse, in an indication that “contagion effects are relatively siloed within crypto,” the report said.
bullishbullishbullish7bearishbearishbearishBearishLikeShare
HaftungsausschlussDer obige Inhalt stellt nicht die Position von HTX dar.HTX gibt keine Handelsempfehlungen.

Zusammenhängende Artikel

  • Image

    Bitcoin: Why BTC’s road to $100K may rely on leverage, not demand

  • Image

    Bitcoin hits $97K as spot buyers regain control

  • Image

    FTT jumps 26% – Traders, watch THESE signals before $1.30 test

Alle Kommentare0NeuesteBeliebte

NeuesteBeliebte
noContent

Keine Daten

Zusammenhängende Artikel

  • Image

    Bitcoin: Why BTC’s road to $100K may rely on leverage, not demand

  • Image

    Bitcoin hits $97K as spot buyers regain control

  • Image

    FTT jumps 26% – Traders, watch THESE signals before $1.30 test