Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
The network activity has also been falling on Ethereum and stalling on the Bitcoin blockchain, the report said.
Crypto market expected to remain highly correlated to stocks, the report said.
The bank noted that network activity has been falling on Ethereum and stalling on the Bitcoin blockchain.
Both bitcoin and ether spot ETFs have seen outflows, the bank said.
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