Subscribe to Bankless or sign in
January has been a slog for crypto bulls, but traditional stock indices are marching to new highs! Why have trad markets decoupled?
The total crypto market cap (TOTAL) has plummeted 12% from its BTC ETF debut highs and is currently down 1% on the month, but the broad market S&P 500 is up 2.1% and tech-heavy Nasdaq 100 have respectively gained 2.1%, and 4.7% off their monthly opens!
TradFi bulls may be celebrating the moment, but it could be the bears who are about to come into control: historically, interest rate peaks coincide with stock market tops.
Subscribe for free to continue reading
- Support the Bankless Movement
- Access to thousands of articles
- Complete archive of Bankless episodes
- Embark on free quests in Airdrop Hunter
- Daily alpha in your inbox
Already subscribed? Sign in
3
0
