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Coin Edition 2024-08-08 04:35:17

The ‘Correlation-1’ Effect: Bitcoin and Stocks Fall in Tandem

The stock and crypto markets experienced significant volatility in the first week of August, triggered by a “correlation-1” event, resulting in a major sell-off. Bitcoin (BTC) witnessed its steepest price drop of the cycle, sparking a cautious sentiment among short-term holders. On August 5th, global markets dipped sharply amid the unwinding of the yen carry The post The ‘Correlation-1’ Effect: Bitcoin and Stocks Fall in Tandem appeared first on Coin Edition .

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