Odaily Planet Daily News đ Citigroup (C) pointed out in a research report on Friday that as demand weakens, the cryptocurrency market continues to underperform other risky assets and is expected to remain highly correlated with stocks. đ
The report mentioned that both Bitcoin and Ethereum (ETH) spot exchange-traded funds (ETFs) experienced outflows, indicating that investors' interest in these assets has declined. đ
Looking ahead, Citigroup expects that the cryptocurrency market will continue to be highly correlated with the stock market in the upcoming macro calendar. Despite this, we remain optimistic about the prospects for Bitcoin! đ
