Respecting the Risks

Louis Sykes
February 22, 2023

Equities had their worst session of the year yesterday, as the S&P 500 retraced 2% during the day.

This comes as rates and the US dollar push higher, with the yield on the 10-year US Treasury note making fresh three-month highs.

Surprisingly, Bitcoin seems to be bucking this recent selling pressure, and the short-term correlations between stocks and Bitcoin have flipped negative for the first time since the FTX fiasco.

During that period, Bitcoin crashed to its cycle lows of 16,000, while equity markets were hammering out their most recent bottom.

 

 

 

Article Sales Message

All Star Charts Crypto Members Receive

  • Our professional research delivered to your inbox
  • High conviction trade ideas to make money
  • Full coverage of entry and exit signals across the crypto landscape, including major coins, altcoins, and other tokens
  • Video conferences every week
  • Alerts to cryptocurrencies before they become mainstream
  • Custom indices, correlation, trend strength and relationship analysis
  • Access to Rangefinder – our proprietary app for tracking trade ideas in real time (annual members only)

You need to have a subscription to access this content in full.

Log in or subscribe
Filed Under: