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Citi Warns of Declining Crypto-Equities Correlation
The long-standing relationship between stocks and cryptocurrency markets is poised for a shift, according to Citi, as reported by CoinDesk. The Wall Street giant noted in a Monday research report that the correlation between equities and crypto will likely weaken over time.
While equities have dominated crypto market movements, Citi believes this connection will fade as digital assets mature. Increased institutional involvement, technological advancements, and broader adoption will contribute to that decoupling. However, Citi warned that during periods of financial uncertainty, crypto could still move in tandem with risk assets.
“A more transparent regulatory regime in the US will also lead to more idiosyncratic price action,” analysts led by Alex Saunders wrote.
Bitcoin’s Volatility Set to Ease, Says Citi
Citi pointed out that Bitcoin’s
BTC
$98 638
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