JC Parets is one of the few experts I follow closely. He's been saying that "cryptos are just riskier tech stocks" and I agree.
Just look how
IXIC, 
XLK and 
BTCUSD have bevahed for the las 5 years.
They are highly correlated, all have bottomed almost in tandem 3 times. But if you look in daily charts you'll see that Bitcoin actually bottoms a little bit earlier.
Now look at the tops. See how while the Nasdaq and the Tech ETF keeps going up while BTC diverges.
As a riskier asset BTC is sold earlier than stocks, but also is buyed earlier than stocks. At least that is what I see here.
Bitcoin and Ethereum haven't made new lows while
SPX, IXIC and 
DJA have.
As JC Parets recently said, "Is Bitcoin finally going to decouple here, or is this just a temporary bout spurred on by unique conditions?"
Lets see what happens.
Just look how
IXIC, XLK and BTCUSD have bevahed for the las 5 years.They are highly correlated, all have bottomed almost in tandem 3 times. But if you look in daily charts you'll see that Bitcoin actually bottoms a little bit earlier.
Now look at the tops. See how while the Nasdaq and the Tech ETF keeps going up while BTC diverges.
As a riskier asset BTC is sold earlier than stocks, but also is buyed earlier than stocks. At least that is what I see here.
Bitcoin and Ethereum haven't made new lows while
SPX, IXIC and DJA have.As JC Parets recently said, "Is Bitcoin finally going to decouple here, or is this just a temporary bout spurred on by unique conditions?"
Lets see what happens.
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