Citi: The cryptocurrency market will remain highly correlated with stocks

Odaily Planet Daily News Citibank (C) stated in a research report on Friday that in the case of weakening demand, the performance of the cryptocurrency market continues to lag behind other risk assets, expected to remain highly correlated with stocks. The bank pointed out that both Bitcoin and Ether ($ETH) spot exchange-traded funds (ETFs) experienced outflows of funds. Looking ahead, the bank stated that it is expected that in the upcoming macro calendar, the cryptocurrency market will remain highly correlated with stocks. (Coindesk)