CoinCodex: Price Correlations Between Digital Financial Assets & Legacy Markets Are Signs of Maturity
For almost the first decade of its existence, Bitcoin served as a speculative shelter for investors looking for a unique asset class that seemingly bore no little to no correlation to the broader financial markets. However, since 2017, there has been an increasing correlation between the equity and cryptocurrency markets due to both increasing knowledge among individual & institutional investors, coupled with the wider acceptance & adoption of blockchain-based financial instruments.
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