7*24

Hot topic

Market

Activities

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.<br />The S&P 500 gained almost 6% last week, whereas bitcoin fell around 20%.<br />Traditional financial markets have been largely unaffected by the collapse, in an indication that “contagion effects are relatively siloed within crypto,” the report said.

Detail

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

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

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles