Wait-and-See Attitude

According to reports, Bernstein analysts said that the correlation between cryptocurrency and US stock market and macro events was weakening, and the cryptocurrency market seemed to be between long and short, waiting for “any further catalyst”. The sensitivity of the encryption market to the traditional market is no longer the same as in the past. The correlation between Bitcoin and stocks has declined steadily throughout the year. The correlation between Bitcoin and the Nasdaq Composite Index has dropped from 0.94 in early February to 0.58 now. Interpretation of this information:…