Seeking Alpha
2022-05-03 12:00:00

Crypto Logs: Crypto Goes From Meme To Mainstream

Although the macro environment is a headwind for riskier assets like crypto and crypto-related equities, broader adoption of Bitcoin - particularly for institutional investors - has been encouraging for longer-term fundamentals.Thirty-day correlations between Bitcoin and the S&P 500 Index have climbed to their highest levels since the start of the pandemic in early 2020.Bitcoin’s correlation with tech stocks (measured by the Nasdaq 100) has also increased, and this relationship has been even stronger for crypto-related equities.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.