The one month graphs of the Dow Jones, Bitcoin, Ethereum and the Crypto market in general, are looking a bit alike. There seems to be a general feeling of a need for further correction. What do you think?
There are definately a correlation between these markets. When stock markets are taking a hammering, the Crypto currency investments also take some of these blows. We saw this in January when these stock markets took a nose dive and then the Crypto currencies were also sharing the same pain.
We will see more of this as Bitcoin Futures and ETF's are approved. These traders tend to shift investment capital to lower risk investments and safe heavens, when there are economical instability.