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Crypto Winter
Is a Crypto Winter Coming?
Some investors fear an impending “crypto winter” as the global crypto market has shed $1.2 trillion in the last three months. CoinDesk Managing Tech Editor Christie Harkin and Markets Managing Editor Brad Keoun discuss their global outlook on next week’s crypto markets activity.
Why This Crypto Winter Might Soon Be Over
Bitcoin's 90-day correlation with tech stocks, in contrast to the 2018 sell-off where BTC was not correlated with tech stocks at all, suggests the bottom is not necessarily where the marginal crypto native seller capitulates, but where the marginal legacy macro seller becomes exhausted. Fundstrat's research suggests BTC is much less likely to experience a prolonged crypto winter for this reason. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
