Analyst: Increasing correlation between cryptocurrencies and the stock market

According to CNBC news reports, Mati Greenspan, a senior market analyst at eToro, said that falling currency prices are not related to the global trade war. He believes there is a strong correlation with the way people manage portfolios, especially in the past few weeks. The correlation between currency and stock market is getting higher and higher. According to CoinDesk, BTC prices fell to 6,870 U.S. dollars on Wednesday, ETH dropped 7 percent to 384 U.S. dollars, and XRP fell more than 9 percent to 51 cents.

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

ETH encounters the worst Q1 ever

LiveCoin will unlist EOS in May