๐๐"BTC, Nasdaq, S&P 500, oh my!" Bitcoin's been on a rollercoaster ride, dropping 20% since its March peak. Meanwhile, U.S. stocks are partying like it's 1999, with Nasdaq & S&P 500 hitting record highs for the 7th day straight! ๐๐
๐ค๐But here's the twist: BTC's correlation with these indexes has hit multi-month lows. They were like BFFs moving in opposite directions, but now they're all marching to the same beat. Sadly, it's a downbeat. Nasdaq is down 1.8%, S&P 500 down 0.9%, and BTC down 0.6% to $57,500. ๐๐
๐ค๐ญCould this be a sign of a broader correction? Joel Kruger from LMAX Group thinks so. He warns that a sharp pullback in stocks could impact crypto, at least momentarily. But hey, we're optimists here! Let's see how this unfolds. ๐ข๐ฟ
๐ฌ๐What's your take? Are we in for a bumpy ride or is this just a minor hiccup? Share your thoughts below! #DeFi #Web3 #CryptoNews