$10K– The Bitcoin Price Streak Continues
DeFi mania cooled in September with Ethereum (ETH) dropping -16% for the month, and numerous altcoins suffering even larger drops.While bitcoin(BTC)fared much better it was still down( -8%), as was gold (-5%)and equities with the S&P 500 -4%. In contrast, the United States dollar (+2% )captured a quote for the very first time considering that the coronavirus shock in March, and long-dated United States Treasuries were up decently(+1 %) (Table 1). Is the strong connection in between crypto and equities(specifically tech stocks)the brand-new typical (Figure 1)?
