This year, the correlation between the cryptocurrency market and traditional finance is more entrenched than ever before. This was largely due to the introduction of $BTC and $ETH exchange-traded funds, the arrival of BlackRock, VanEck, Fidelity and many other giant financial institutions to the market. On the one hand, the market has seen a great leap in adoption, but on the other hand, its independence and originality have noticeably decreased, and the movements of a number of cryptocurrencies are repeating the performance of key stock market indices. We mean the U.S. stock market, of course.
Now, in anticipation of the opening of the U.S. market, one can often see large movements of cryptocurrencies, mainly the same BTC and ETH. Sometimes, however, these transfers cause more excitement than most.
