Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets

“Bitcoin has behaved similarly to tech stocks, albeit with some idiosyncratic events, namely forced selling by large institutions like Three Arrows Capital,” he told CoinDesk in a written note. “There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the more important events in crypto’s recent history.”