Citigroup: The cryptocurrency market will remain highly correlated with stocks

Odaily Planet Daily News Citibank (C) said in a research report on Friday that in the case of weakening demand, the performance of the Cryptocurrency market continues to lag behind other risk assets, and is expected to remain highly correlated with stocks. The bank pointed out that funds flowed out of BTC and Ethereum (ETH) Spot exchange traded funds (ETF). Looking ahead, the bank said that it is expected that in the upcoming macro calendar, the Cryptocurrency market will remain highly correlated with stocks. (Coindesk)

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