The last 48 hours of trading have witnessed Bitcoin decoupling from the US stock market. The cryptocurrency traded sideways with a bias modestly shifted towards bears. On the other hand, the S&P 500 moved in the opposite direction. This lack of short-term positive correlation coincides with a booming DeFi craze. Bitcoin appears to have decoupled for the US stock market as one broad phenomenon in the cryptocurrency market takes over traders’ conscience: the DeFi. Also […]
