Dog Days Of Summer Bring Crypto Assets Lower As Tech Stock Soar - What Is Causing This Decoupling?
mattersofmoney.substack.com
Despite the rise in US stocks and other risk assets, crypto markets have been experiencing rather slow, boring and bearish price action over the past several weeks. This is an unwelcome decoupling of the wrong sort that is being lamented by crypto traders as they watch the likes of Nvidia reach dizzying highs. Since the beginning of June, Bitcoin has fallen approximately -5%, while the NASDAQ composite index has risen a remarkable +7.5%. This dislocation may signal the beginning of a new trend or may simply be due to esoteric reasons that we will get into momentarily.
Dog Days Of Summer Bring Crypto Assets Lower As Tech Stock Soar - What Is Causing This Decoupling?
Dog Days Of Summer Bring Crypto Assets Lower…
Dog Days Of Summer Bring Crypto Assets Lower As Tech Stock Soar - What Is Causing This Decoupling?
Despite the rise in US stocks and other risk assets, crypto markets have been experiencing rather slow, boring and bearish price action over the past several weeks. This is an unwelcome decoupling of the wrong sort that is being lamented by crypto traders as they watch the likes of Nvidia reach dizzying highs. Since the beginning of June, Bitcoin has fallen approximately -5%, while the NASDAQ composite index has risen a remarkable +7.5%. This dislocation may signal the beginning of a new trend or may simply be due to esoteric reasons that we will get into momentarily.