The Bitcoin Bubble Isn't All About Trump
https://www.bloomberg.com/opinion/articles/2024-11-12/trump-win-doesn-t-completely-explain-the-bitcoin-bubble
Crypto has been around for only about 15 years, which is not much time in financial markets in general and certainly not enough time to make a definitive inference about its pricing behavior. That said, a pattern is emerging: Crypto currencies have a very high beta, a measure of an asset’s volatility, and they are very correlated with the overall stock market. When the market is up, they are up even more. When it falls, so does crypto — even more.
https://www.bloomberg.com/opinion/articles/2024-11-12/trump-win-doesn-t-completely-explain-the-bitcoin-bubble
Crypto has been around for only about 15 years, which is not much time in financial markets in general and certainly not enough time to make a definitive inference about its pricing behavior. That said, a pattern is emerging: Crypto currencies have a very high beta, a measure of an asset’s volatility, and they are very correlated with the overall stock market. When the market is up, they are up even more. When it falls, so does crypto — even more.
Why crypto mania is reaching new heights
https://www.economist.com/finance-and-economics/2024/11/12/why-crypto-mania-is-reaching-new-heights
https://www.economist.com/finance-and-economics/2024/11/12/why-crypto-mania-is-reaching-new-heights